CIS STEEL SLAB: Increased competition, lower bids set to send prices down

The export market for steel slab from the Commonwealth of Independent States was quiet in the first week of July, with some major producers preferring to hold back their offers due to the uncertain market conditions.

Market participants expected competition with Brazilian suppliers to escalate in the coming weeks because the South American country’s quota for imports into the United States was close to being fully taken up.

In addition, interest in CIS-origin slabs was reduced last week due to...


Vlada Novokreshchenova

June 11, 2019

15:48 GMT