According to market sources, the latest
slab offers from
Russia to Southeast Asia have increased by $5-10/mt compared to last week and are currently in the range of $505-510/mt CFR, for September production. Russian
slab producers have increased their prices against the backdrop of the ongoing conflict in Ukraine which has negatively impacted ex-Ukraine
slab supply.
On the other hand, an ex-
Russia deal for 40,000-50,000 mt of
slab has been concluded to India at the price level of $493/mt CFR, for September and October shipments.