CIS STEEL SLAB: Demand in Turkey drives prices further upward

The recent uptrend in the CIS export steel slab market persisted in the week to Monday September 21, driven by demand in Turkey, Fastmarkets has learnt.

The weekly price assessment for steel slab, export, fob Black Sea, CIS, was $460-472 per tonne on September 22, up from $460-465 per tonne week on week.
A cargo of Ukraine-origin slab was heard sold to the Middle Eastern country at slightly above $480 per tonne cfr, which would correspond to $472 per tonne fob, according to estimates by market sources.

A week earlier, a major Russian steelmaker sold material to Turkey at $470-475 per tonne cfr,...


Vlada Novokreshchenova

September 22, 2020

16:55 GMT