Slab import prices in Asia slide to lowest since January

September 10, 2019 / www.metalbulletin.com / Article Link

Import prices for steel slab in Southeast Asia and East Asia have fallen for a third consecutive week amid a downturn in the global steel markets that has damped buying interest for slab, market sources told Fastmarkets on Monday September 9.

Buyers were likely to take a wait-and-see approach amid expectations that prices will fall, a trader in Indonesia said.Fastmarkets' weekly price assessment for steel slab, import, cfr Southeast Asia/East Asia, was $415-425 per tonne on Monday, down by $5 per tonne...

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