The export market for steel slab from the Commonwealth of Independent States (CIS) region was quiet in the week to Monday November 8.
Mills mainly held back from placing new offers, preferring to assess the market conditions, so no fresh deals were heard done.
Meanwhile, the situation in the global market was mixed.
In Europe, plate producers, which are the main consumers of CIS-origin slab in the region, increased their prices substantially last week due to
strong demand and surging production costs.
Fastmarkets' price assessment for
steel domestic plate, 8-40mm, exw southern Europe, was ?,?900-910 ($1,041-1,053) per tonne on November 3, up by ?,?80-100 per tonne from ?,?800-830 per tonne a week earlier.
The corresponding weekly price...