Steel slab exporters from the Commonwealth of Independent States (CIS) are testing the market with a new round of offer increases, supported by the continuing uptrend in the raw materials and finished flat steel products sectors, Fastmarkets heard on Tuesday September 8.
A Russian producer shipping material from the country's Far East ports was heard to have agreed several deals last week around $470 per tonne cfr for December-shipment to Southeast Asia. This was $10-15 per tonne higher than in the previous round of sales.According to market participants, better demand for finished flat steel products, coupled with the shortage of material supply in some parts of...