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Asia’s slab steel prices continue to fall

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)

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