CIS STEEL SLAB: Market firmer as customers accept higher prices

August 18, 2020 / www.metalbulletin.com / Article Link

Exporters of steel slab from the Commonwealth of Independent States (CIS) managed to strengthen their positions further in mid-August by signing several contracts with traditional customers at higher prices.

The continuing positive trend in the finished flat steel products sector, both in customers' markets and in the CIS region, as well as the reduced availability of slab, were the main reasons for customers accepting higher prices.
Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $425-435 per tonne on Monday August 17, widening upward by $5 per tonne compared with a week earlier.

Around 50,000 tonnes of Ukraine-origin slab was heard...

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