Export slab prices from the Commonwealth of Independent States (CIS) continued to fall in early August due to a lack of demand from major overseas buyers.
European customers were mainly absent due to the summer holidays in the region and there was limited trading activity in Turkey's domestic and export hot-rolled coil (HRC) markets, resulting in lower interest in imported slab.Turkish HRC producers were offering material at $1,020-1,080 per tonne ex-works for late October-November production, with the achievable price estimated at $1,010 per tonne ex-works...