It is reported that Asia’s steel slab prices continued to downward trend. Those for Russia and Brazil August contract (delivery in December) prices are rumored for CFR US$280.
However, it is not able to confirm whether a contract concluded in this price, but other countries seems to be slightly lower than the CFR US$300.
Currently, the buyers are less willing to negotiate, because of they are hurry to make any purchase unless market is improved.
Zhejiang Yaang Pipe Industry Co., Limited (www.yaang.com)