Steel slab import prices in Southeast Asia and East Asia remained unchanged, despite the fall in iron ore prices, because market participants were holding back awaiting further clarity, sources said on Monday July 8.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao, was $114.81 per tonne on July 5, down $3.66 per tonne from a week earlier.A slab producer in the Commonwealth of Independent States (CIS) sold the semi-finished material to East Asia at $450 per tonne cfr during the week...