CIS STEEL SLAB: Price surges on fresh sale to Turkey, demand in Asia weakens

CIS export slab prices have continued to climb in the second half of May, supported by Turkish customers accepting higher-priced deals.

A 30,000-tonne cargo of Ukrainian slab was reported sold last week at $360 per tonne cfr Turkey, equivalent to around $350 per tonne fob Black Sea, sources told Fastmarkets.
Turkish customers accepted higher slab offers following a surge in domestic and export finished flat steel prices.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $415-420 per tonne on Friday May 22, rising from $390-400 per tonne on May...

Published

Vlada Novokreshchenova

May 26, 2020

17:13 GMT

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