The export price for CIS-origin steel slab surged in the week to Monday July 13 with customers in Europe accepting higher prices in their latest bookings. In addition, Chinese buyers also showed a readiness to pay higher prices amid stronger demand.
Offers of CIS-origin slab were heard in Turkey and Europe within the range of $395-400 per tonne cfr last week, although some mills reported even higher asking prices.In early July, Italian re-rollers were offering steel...