Slab import prices in Asia dip on sustained downstream weakness

October 01, 2019 / www.metalbulletin.com / Article Link

Import prices for steel slab in Southeast Asia and East Asia nudged down over the past week because of lower prices in the downstream flat steel markets, market sources said.

Buyers are unable to pay more for steel slab because of the downtrend in the international and domestic flat steel markets, a source in Indonesia said.For instance, in Southeast Asia's major hot-rolled coil import market in Vietnam, India re-rolling grade SAE1006 hot-rolled coil was...

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