Import prices for steel slab in Asia fell over the past week on sluggish demand in East Asia amid declining prices in the downstream hot-rolled coil market, while trading activity slowed in parts of Southeast Asia due to holidays to mark the end of the Islamic holy month of Ramadan.
Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $455-460 per tonne cfr on Monday June 3, down by $5-10 per tonne from a week earlier.No transactions were reported during the week, although market participants estimated that the tradable price was $455-460 per tonne cfr. The re-rollers are not interested in buying slab now because of the current downtrend in the price of HRC, a market source in East...