Asian slab import prices edge down on continued pessimism, weak downstream sales

January 08, 2019 / www.metalbulletin.com / Article Link

Import prices for steel slab in Southeast Asia and East Asia narrowed downward over the past week due to lower offers and bids, amid persistent bearish sentiment and lackluster finished steel markets.

Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $430-435 per tonne cfr on Monday January 7, down from $430-440 per tonne cfr a week earlier.Trading activity remained slow, with no deals reported over the past week.Market sources said the...

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