CIS Slab exporters continued to enjoy higher prices in mid-September supported by strong demand for finished flat steel products in some of the customers’ markets.
Thus, a cargo of slab from Russia’s major supplier NLMK was sold to Turkey at price slightly above $470 per tonne cfr, sources told Fastmarkets. This would net back to around $460 per tonne fob Black Sea. Turkish customer accepted higher slab price following the rise in domestic and export hor-rolled coil tags.
*** HRC
HRC producers in Turkey were offering material at $535-545 per tonne ex-works for November production, up from offers last week at $535-540 per tonne ex-works. On export side Turkish HRC was availableat $530-535 per tonne fob at the end of last week and deals were made to Europe and North Africa at $530-535 per tonne fob.
Therefore Fastmarkets’ weekly price assessment of steel HRC, export, fob main port Turkey was $530-535 per tonne on Friday September 11, up from $510-525 per tonne previously.
https://www.metalbulletin.com/My-price-book.html?price=42303
Ukraine’s sole slab supplier was in no hurry to sign contarts, targeting $480-490 per tonne cfr in the foreign outlets. This would net back to $465-470 per tonne fob, depending on destination.
*** Steel slab
Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS, was $460-465 per tonne on September 15, up by $20 per tonne week on week.
https://www.metalbulletin.com/My-price-book.html?Price=34367
In Asian region CIS-origin slab was available to customers at $480-485 per tonne cfr from suppliers shipping material from Far East ports of Russia, but no fresh bookings were heard done neither in Southeast Asia nor China last week, customers taking wait and see stance amid recent softening of Chinese export hot-rolled coil prices. Previous slab bookings from CIS were done within the range of $470-475 per tonne cfr a week earlier.
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