CIS export slab prices continued to decline in the week ended Monday November 19, spurred by the weakening in the finished flat steel sectors both in the CIS and in the global markets, Southeast Asia in particular.
"Slab prices don't seem to have any upward momentum due to weak markets for hot-rolled coil [HRC] worldwide," a buyer source in East Asia said. "If the HRC [market] doesn't improve, re-rollers [are unlikely to] accept any higher prices from mills."Several cargoes...