Import prices for steel slab in Southeast Asia and East Asia were flat during the week to Monday March 4, with the market remaining in a stalemate due to the large bid-offer gap.
Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday, unchanged from a week earlier.No transactions were reported, with offers remaining at high levels and failing to pique the interest of re-rollers in Asia."Buyers are still unwilling to accept the current asking prices," a trader in Indonesia said.Tight availability of slab in the Commonwealth of Independent States (CIS) - a major supplier of the semi-finished product to Asia - has seen CIS offers climb since the start of...