Slab import prices in Asia edge down on reduced demand

Import prices for steel slab in Southeast Asia and East Asia inched lower over the past week because of sluggish demand.

Producers in Brazil were unwilling to lower their offers below $420 fob due to the high cost of raw materials, sources said.
Slabe from the Commonwealth of Independent States (CIS), meanwhile, was available at $445-450 per tonne cfr Southeast Asia.

Buyers in Indonesia indicated their interest at $440 per tonne cfr,...

Published

Lee Ken Kiat

July 22, 2019

11:27 GMT

Singapore