Their bullish mood was spurred by the continuing upward price trend in China, where export prices have risen by $20-30 per tonne over the past week.
CIS flat steel suppliers revised their prices accordingly for all export markets.
Hot rolled coil
In particular, in Iran, new offers of HRC from Russia’s Magnitogorsk Iron & Steel Works (MMK) were heard at €500-510 ($598-610) per tonne fob Astrakhan.
The estimated cost of freight to the...