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CIS STEEL SLAB: Price surges on fresh sale to Turkey, demand in Asia weakens

• Wednesday, May 27, 2020
• Source:ferro-alloys.com

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• Keywords:CIS STEEL SLAB, Turkey, demand, Asia

[Ferro-Alloys.com]  CIS export slab prices have continued to climb in the second half of May, supported by Turkish customers accepting higher-priced deals.

 

A 30,000-tonne cargo of Ukrainian slab was reported sold last week at $360 per tonne cfr Turkey, equivalent to around $350 per tonne fob Black Sea, sources told Fastmarkets.

 

Turkish customers accepted higher slab offers following a surge in domestic and export finished flat steel prices.

 

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $415-420 per tonne on Friday May 22, rising from $390-400 per tonne .

 

Source: Metalbulletin

 

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