Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS
, was $330-340 per tonne on March 30, down from $385 per tonne fob a week earlier.
Indications of offers from the CIS mills were reported within the range of $335-340 per tonne fob Black Sea. Besides traditional slab suppliers, offers were also heard from Russia’s Magnitogorsk Iron & Steel Works (MMK), which usually focuses on sales of finished flat steel products, rather than semi-finished products.
Customers in the major traditional markets mainly refrained from bookings due to the effects of the Covid-19 pandemic.
The Italian government has ordered the closure of all non-essential production operations in the country from March 23 to April 3, including steelmaking, as part of the measures to battle...