Steel slab import prices in Asia fell slightly over the past week because of a slowdown in parts of Southeast Asia related to the end of Ramadan, while activity in East Asia was limited by weakness in the downstream hot-rolled coil market.
Market participants in the key Southeast Asian import market of Indonesia were away on June 3-7 due the Eid al-Fitr public holiday to mark the end of the Islamic holy month of Ramadan, resulting in limited negotiations being heard during this period. Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $450-460 per tonne cfr on...