CIS STEEL SLAB: Markets soften on lower HRC, scrap costs

Prices in the Black Sea export steel slab market softened in the week to Monday October 5 on the weakening of flat steel prices in the region as well as falling scrap costs in Turkey, which is one of the major sales outlets for CIS slab.

The weekly price assessment for steel slab, export, fob Black Sea, CIS, was $445-460 per tonne on October 5, down week on week from $460-472 per tonne.
Most recent indications of slab offers from the CIS region were heard in Italy at $480-490 per tonne cfr last week, equivalent to $460-470 per tonne fob Black Sea, with bookings done at the lower end of the range earlier in September.

Turkish customers reported no...

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