Asian slab import prices edge up on strengthening flat steel segment

Import prices for steel slab in Southeast Asia and East Asia experienced an uptick over the past week amid rebounding flat steel prices in the region.

Vietnamese buyers continued to accept higher hot-rolled coil prices because inventory levels were not too high in the country, although reduced near-term demand was expected due to the upcoming week-long Tet holiday at the end of January, Fastmarkets reported earlier.

Fastmarkets’ price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $400-415 per tonne on...

Published

Lee Ken Kiat

December 24, 2019

07:25 GMT

Singapore