Import prices for steel slab in Southeast Asia and East Asia softened over the past week due to limited demand amid a continued slowdown in finished flat steel sales. Additionally, trading activity remained sparse because of a mismatch in bids and offers.
Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $420-435 per tonne cfr on Monday January 14, widening downward by $10 per tonne from $430-435 per tonne cfr a week earlier.There were again no deals reported over the past week."The gap between mills' offers and re-rollers' bids was too big, so there did not seem to be transactions concluded recently," a South Korean buyer source said.Asking prices remained at largely the same levels as those seen in the prior...