Slab import prices in Asia dip amid HRC price slump

Import prices for steel slab in Southeast Asia and East Asia have fallen over the past week because of the sustained decline of prices in the downstream market for hot-rolled coil, market sources said on Monday October 21.

HRC prices in Vietnam have been pressured downward by the ample supply of materials from India and Russia in the spot market. Fastmarkets’ price assessment for steel slab, import, cfr Southeast Asia/East Asia, was $370-385 per tonne on October 21, widening downward by $5 per tonne from a week earlier. One shipment involving 30,000 tonnes of slab produced in...

Published

Lee Ken Kiat

October 21, 2019

13:20 GMT

Singapore