CIS STEEL SLAB: Price surges on fresh sale to Turkey, demand in Asia weakens

May 27, 2020 / www.metalbulletin.com / Article Link

CIS export slab prices have continued to climb in the second half of May, supported by Turkish customers accepting higher-priced deals.

A 30,000-tonne cargo of Ukrainian slab was reported sold last week at $360 per tonne cfr Turkey, equivalent to around $350 per tonne fob Black Sea, sources told Fastmarkets.
Turkish customers accepted higher slab offers following a surge in domestic and export finished flat steel prices.

Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $415-420 per tonne on Friday May 22, rising from $390-400 per tonne on May...

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