CIS STEEL SLAB: Prices firm as customers see strong finished steel demand [CORRECTED]

Steel slab exporters in the Commonwealth of Independent States (CIS) continued to enjoy higher prices in mid-September with support from strong demand for finished flat steel products in some customers’ markets, Fastmarkets heard on Tuesday September 15.

A cargo of slab from major Russian supplier Novolipetsk Steel (NLMK) was sold to Turkey at a price slightly above $470 per tonne cfr, sources told Fastmarkets. This would be equivalent to around $460 per tonne fob Black Sea.

A Turkish customer accepted this higher price following rises in the Middle Eastern country’s domestic and export prices for hot-rolled...


Vlada Novokreshchenova

September 15, 2020

16:25 GMT