CIS export slab market quiet, lacks clarity

The export market for steel slab from the Commonwealth of Independent States remained quiet in the week to Monday November 15, with a various trends in different customer markets driving a lack of clarity.

In the Asian region, weakening flat steel prices in China's domestic markethad a strong negative effect on other regional markets.
The release of rather grim economic and property data by China's National Bureau of Statistics on Monday sparked a further downtrend in Chinese hot-rolled coil (HRC) prices.
Fastmarkets price assessment for steel hot-rolled coil domestic, ex-whs Eastern China was 4,700-4,750 yuan ($736-744) per tonne on Monday, down by 60 yuan per tonne from Friday and by 210-250 yuan per tonne week on week.

As a result, bids for import slab in the wider Asian region slid to $700 per tonne cfr and lower in the...

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