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Kallanish Steel Weekly: Slab continues rise on firm demand

Kallanish Steel Weekly: Slab continues rise on firm demand (Jan. 31, 2023)

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The merchant slab market continues to be fuelled by flat product price increases in key importing regions, and expectations of strengthening demand and prices in currently idle markets. A relative shortage of material is also supportive, with sellers withholding material in expectation of further gains.

The Turkish slab import market is tense, but not openly active, as offers from Russia are limited, circling $600/tonne cfr Turkey, with clear indications of subsequently offered volumes being available at higher prices.

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