CIS STEEL SLAB: New sizeable sales push prices higher

The CIS slab export price strengthened in new deals in the week to Monday January 27, as customers accepted higher prices amid positive dynamics in the finished flat steel market, sources said.

Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, rose by $5 or 1% to $425-430 per tonne on Monday, from $420-425 per tonne previously.
Early last week, a cargo of Ukrainian slab was reported sold at around $440 per tonne cfr Turkey, equivalent to $425 per tonne fob Black Sea.

By the end of the week, several more sales...

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