Customers in some of the major outlet markets for CIS-origin steel slab have reduced their bids significantly in the past week due to the drop in demand and uncertainty in the global market caused by the spread of the 2019-nCoV coronavirus.
No indications of fresh offers were heard from CIS producers on Tuesday March 10 because mills were said to be assessing the market.Meanwhile, Ukrainian slab producer Metinvest said that it did not intend to reduce slab prices because the availability of material from April rolling would be limited because the...