CIS STEEL SLAB: New bookings drag prices further downward

Prices for slab exported from the Commonwealth of Independent States have continued to decline in the second half of May while producers have had to make concessions in new bookings with customers in Europe and Asia amid unfavorable conditions in their finished flat-steel outlets.

Fastmarkets' weekly CIS export slab price assessment narrowed down to $450-455 per tonne fob Black Sea on Monday May 20, against $450-460 per tonne fob a week earlier.

A large cargo of Ukrainian slab was reported sold to Italy at $470-475 per tonne...


Vlada Novokreshchenova

May 20, 2019

16:15 GMT