The Commonwealth of Independent States export slab price slumped on Monday December 17 after fresh sales were heard done at lower levels and a pessimistic mood in the finished flat steel segment drove down customers' expectations down.
Fastmarkets' weekly price assessment for CIS export slab was at $415-420 per tonne fob Black Sea on December 17, down from $430-435 per tonne fob Black Sea last week."No one knows how low the market will fall early next year. That is why traders do not restock and...