CIS FLAT STEEL: Market calm but stable on restricted availability

The market for flat steel exports from the Commonwealth of Independent States (CIS) was calm and stable over the past week because material availability continued to be restricted by planned maintenance outages at rolling units in Russia, sources told Fastmarkets on Monday March 25.

Fastmarkets’ weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $510-520 per tonne fob Black Sea on March 25, unchanged week on week. “Buyers are not very active now, and only the low availability is keeping prices unchanged,” one trader from the Middle East-North Africa (Mena) region told Fastmarkets. The workable price for...

Published

Marina Shulga

March 25, 2019

19:18 GMT

London