CIS STEEL SLAB: Both sides of market await further clarity amid downstream volatility

There was a stalemate in the export slab market in the Commonwealth of Independent States region in the week ended Monday January 25, with mills holding back offers and inviting customers to place bids while most customers were awaiting clearer direction.

Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS was $635-640 per tonne on Monday, down from $675-695 per tonne a week earlier.

A customer from Turkey gave a price indication of $650 per tonne cfr ($635 per tonne fob Black Sea) against $670 per tonne cfr a week earlier. But he added that he has postponed bookings due to negative market sentiment in the...

Published

Vlada Novokreshchenova

January 26, 2021

12:32 GMT

Dnipro