CIS STEEL SLAB: Prices grow on massive sales to China

摘要

Commonwealth of Independent States (CIS) steel slab exporters turned to the Chinese market for sales in mid-May because customers in this market accepted higher prices than any in other destinations, Fastmarkets heard. Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS was $335-340 per tonne on May 12, up from $325-335 per tonne fob a week earlier. Over 100,000 tonnes of Ukraine-origin slab were reported sold to China at around $370 per tonne cfr last week, Fastmarkets learned, which would net back to $335-340 per tonne fob, market participants’ said.