CIS FLAT STEEL: Market softens on more availability of May-rolled material

The market for flat steel exports from the Commonwealth of Independent States (CIS) has softened on improved availability of May-rolling products, sources told Fastmarkets on Monday April 1.

Fastmarkets’ weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $500-515 per tonne fob Black Sea on April 1, down from $510-520 per tonne fob a week ago. Magnitogorsk Iron & Steel Works (MMK), a major flat steel exporter from Russia, was heard to be considering a price cut for May-rolling products, although no official prices have been announced yet, one source told...


Marina Shulga

April 01, 2019

20:05 GMT