CIS FLAT STEEL: Market steady but insiders disagree on next moves

The market for flat steel exports from the Commonwealth of Independent States (CIS) has been stable over the past week, although insiders’ moods have gone in different directions, sources told Fastmarkets on Monday March 4.

Fastmarkets’ weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $520-530 per tonne fob Black Sea on March 4, unchanged week on week. “Buyers in Turkey restocked earlier and now the weaker secondary market is preventing buyers from accepting high prices for imported flat steel,” one trader from Turkey told Fastmarkets. Fastmarkets’ weekly price assessment for Turkish domestic HRC was $550-560 per tonne ex-works on March 1, falling from $565-570 per tonne ex-works on February 22. A complicating factor was the uncertainty in the market before mayoral...

Published

Marina Shulga

March 04, 2019

18:32 GMT

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