CIS STEEL SLAB: Prices keep sliding amid weakening flat steel values in end-user markets

Slab export prices from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday July 19, amid falling finished flat steel values in the region's main destination markets.

In Turkey, hot-rolled coil prices dropped in the week to Friday July 16 on low activity in the key export outlets for that product.
Fastmarkets' weekly price assessment for steel HRC, export, fob main port Turkey was $1,020-1,060 per tonne on Friday, down by $40 per tonne from a week earlier and a $50-80-per-tonne decline since the beginning of the month.

The most recent confirmed slab sale from CIS to Turkey was reported at $880 per tonne cfr last week. According...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold