Prices in the CIS export steel slab market picked up in the week to Monday March 1 with bookings heard at higher prices in Italy. Higher costs for raw materials and raised prices for finished flat steel prices supported the uptrend in the slab sector.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $450.49 per tonne on March 1, down by $1.68 per tonne day on day but up by $21.46 per tonne week on week.A large cargo of Ukraine-origin slab was sold to Italy at $700 per tonne...