CIS slab exporters caught between reduced availability and weak flat steel market

CIS slab exporters were caught between reduced availability of material in the region and customers’ cautiousness amid weak fundamentals in the flat steel market, sources told Metal Bulletin on Monday May 29.

“The deficit [of slab from CIS] helps the price, but there is a balance between hot rolled coil [HRC] and slab prices. Today the spread is not big,” a producing source told Metal Bulletin.
Metal Bulletin’s weekly price assessment for CIS export slab price averaged $407.50 per tonne fob Black Sea on May 29, compared with $405 per tonne fob Black Sea previously.

Meanwhile, in Southern Europe, which is one of the major outlets for CIS...

Published

Vlada Novokreshchenova

May 30, 2017

22:40 GMT

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