CIS STEEL SLAB: Prices up as buying in China resumes

Export slab prices from the the Commonwealth of Independent States (CIS) picked up again in the week ended Monday June 1 on a revival in demand from China, Fastmarkets has learnt.

Increases in the cost of iron ore and an upswing in China's domestic hot-rolled coil market supported demand for import slab.
A cargo of Ukrainian slab was reported sold to China at $385 per tonne cfr, equivalent to around $355 per tonne fob Black Sea, according to several sources.

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