CIS STEEL SLAB: Lower bids drag market downward

Prices in the export market for steel slab from the Commonwealth of Independent States (CIS) have softened in mid-April, with demand limited in the major sales outlets by the effects of the Covid-19 pandemic, resulting in lower bids.

Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $305-320 per tonne on Tuesday April 14, widening downward by $10 per tonne.
Offers of CIS-origin slab to Turkish customers were reported at $335-340 per tonne cfr last week. The price was equivalent to $320-325 per tonne fob Black Sea.

But buyers expected prices no higher than $320 per tonne...

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals