CIS slab export market digest the recent increase

Asian market activity is also expected to resume after the break, traders say, possibly picking up at the same price levels where it left – around $470-475/tonne cfr.China's ongoing investments will continue to support demand, several sourcessay, suggesting HRC prices have bottomed and are likely to start risingpost-holidays, propping up slab prices.

The Mexican slab buyer can only acquire slab from ArcelorMittal Mexico, the petitioner forthe investigation. "Apart from yielding more control over its domestic slab buyer, I struggle to see what else the duty, if applied, mayachieve," a seasoned trader says.