CIS STEEL SLAB: Prices up on reduced availability

Export slab prices from the Commonwealth of Independent States (CIS) continued to increase in mid-June despite lower activity, supported by the reduced availability of the material in the market.

Ukraine-origin slab was offered to Turkey at $385 per tonne cfr, equivalent to $370-375 per tonne fob Black Sea last week, compared with previous bookings done at slightly above $370 per tonne cfr at the start of June.
Some market participants believe Turkish customers will accept the increase due to the significant surge in both domestic and export prices for finished flat steel products, which rose following improved demand in recent weeks, sources said.

Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS...

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