Asian slab import prices dip ahead of 'twin sessions', Muslim holiday

Import prices for steel slab in Southeast Asia and East Asia have dipped over the past week amid a lack of trading activity, sources told Fastmarkets.

Sources said Chinese importers were inactive in the spot market due to an annual meeting of China’s policymakers starting late this week, which is also known as the ‘twin sessions’.
Many market participants in Indonesia were on holiday due to the upcoming Eid al-Fitr celebrations, which marks the end of the Islamic holy month of Ramadan.

Fastmarkets’ price assessment for steel...

Published

Lee Ken Kiat

May 22, 2020

09:46 GMT

Singapore