The Black Sea export market for steel slab has come under pressure from the downtrend in the finished flat steel market and the weak sentiment heard in most outlets at the end of this month, Fastmarkets heard on Tuesday August 27.
Buying activity in the traditional markets of Europe and Turkey was reduced because of holiday absences among potential customers. But both markets were expected to show a revival of activity in the coming weeks and finished flat steel producers were expected to raise their offer prices.There were doubts that the market would accept higher prices because buyers were ready to buy material at significantly lower levels, but the increase in offers...