Metal Bulletin’s Southeast Asia and East Asia slab import price assessment for the week ended Monday January 23 was $430-445 per tonne cfr, down $5 per tonne from $435-450 per tonne cfr a week earlier.
Prices are $5-10 per tonne lower in comparison with the beginning of January, when the market was widely seen as trending upwards
because of tight supply.
Offers from major slab producers in Brazil and Russia were still heard at high levels across Asia – at least $450-455 per tonne cfr – but those have generated little or no interest among buyers, market participants said.
Asian slab producers have also been targeting...