CIS FLAT STEEL: Market flat on low Chinese HRC prices

The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States were flat as buyers remained wary of further price declines due to weak prices for Chinese material.

One trader told Metal Bulletin that buyers right now prefer to postpone bookings "and wait [to see] what will happen to [the] Chinese market, as further reduction is possible there.” 

Metal Bulletin’s weekly price assessment for CIS-origin HRC exports was unchanged at $560-565 per...


Marina Shulga

July 30, 2018

18:12 GMT