CIS STEEL SLAB: Prices sink with demand seen only in China

Demand for slab originating from the Commonwealth of Independent States came from China only during the week to Monday April 6, as activity in other outlets was disrupted due to the effects of Covid-19 pandemic.

A 40,000-tonne cargo of Russia-origin slab to be shipped from the port of Saint Petersburg was reported sold to China at $347 per tonne cfr.
Another mill sold a 50,000-tonne cargo to the same destination at $350 per tonne cfr, Fastmarkets heard.
If the cargoes were to be shipped from Black Sea ports, the price would be equivalent to $315-320 per tonne fob, sources estimated.

In neighboring Southeast...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps