Slab import prices in Asia rise amid coronavirus uncertainty, possible supply shortage

February 05, 2020 / www.metalbulletin.com / Article Link

Import prices for steel slab in Southeast Asia and East Asia climbed over the past week amid China's continued absence from the steel markets which led to uncertainty about price trends.

Multiple provinces and regions in China, including major cities such as Beijing, Tianjin and Guangdong, have delayed the resumption of business activities by another week amid the coronavirus outbreak in the country.
Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia was $440-460 per tonne on Monday February 3, widening upward by $15 per tonne from $440-445 per tonne on January 24.

During the week, a buyer in Southeast Asia was heard to...

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