CIS STEEL SLAB: Lower finished flat steel prices pressure slab

Falling finished flat steel prices in the Commonwealth of Independent States and in major slab buying outlets pressured prices for the semi-finished product in the week to September 20.

Export hot-rolled coil prices from Turkey fell by $20-50 per tonne over the week because customers targeted lower prices.
Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey was $900-920 per tonne on September 17, falling from $920-970 per tonne on September 10.

Plate prices in Europe decreased less notably due to satisfactory demand, particularly in Italy, which is buying import slab for their production....


Vlada Novokreshchenova

September 20, 2021

16:40 GMT