CIS export slab prices move up in wake of rise in flat steel, raw materials

Export prices for CIS-origin slab started to move up in the first days of July, supported by rising flat steel prices and higher iron ore and scrap costs, sources told Metal Bulletin this week.

Indications of slab offers from Russian and Ukrainian mills were reported at $400-410 per tonne fob Black Sea, compared with $390 per tonne fob Black Sea in the second half of June.
No bookings have been confirmed yet at the new prices.

“Prices for Brazilian slab remained at $380 per tonne fob, while Russian and Ukrainian mills are trying to increase prices [to $400-410 fob Black Sea]. But I have not heard about any deals done...

Published

Maria Tanatar

Vlada Novokreshchenova

July 05, 2017

16:07 GMT

Dnepr, London