Asian slab market softens on sustained downstream weakness, lower offers

November 20, 2018 / www.metalbulletin.com / Article Link

Import prices for steel slab in Southeast Asia and East Asia fell in the week to Monday November 19, on lower bids from suppliers and persistently low demand as a result of sluggish domestic hot-rolled coil sales.

Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on November 19, down $10 per tonne from a week earlier.Major Indonesian re-rollers were heard booking January-shipment slab from suppliers in the Commonwealth of Independent States (CIS) at $460-470 per tonne cfr late...

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