CIS export HRC, CRC prices jump on higher offers, bids

CIS-origin hot rolled coil (HRC) and cold rolled coil (CRC) prices jumped by $30-60 per tonne over the past week, with higher bids seen in response to higher offers from mills.

However, no deals have been confirmed yet.
“There has been an expectation that the ceiling of the market had been reached, but prices have continued [to rise], and now there is no clarity about what will happen next,” a trader said.

Between the end of July and the end of August this year, HRC from the...


Nadia Popova

September 12, 2017

09:53 GMT