CIS STEEL SLAB: Stronger demand in China supports prices

The export price for CIS-origin steel slab surged in the week to Monday July 13 with customers in Europe accepting higher prices in their latest bookings. In addition, Chinese buyers also showed a readiness to pay higher prices amid stronger demand.

Offers of CIS-origin slab were heard in Turkey and Europe within the range of $395-400 per tonne cfr last week, although some mills reported even higher asking prices.
A 25,000-tonnes cargo of Ukrainian material was reported sold to Italy last week at $400 per tonne cfr, equivalent to $380 per tonne fob Black Sea.

In early July, Italian re-rollers were offering steel...


Vlada Novokreshchenova

July 13, 2020

16:54 GMT