CIS FLAT STEEL: Prices decrease slightly on reduced Ramadan demand

The market for exports of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States (CIS) was moderate during the week ended Monday May 13, with prices falling slightly.

Prices went down with lower offers being heard and deals being agreed at reduced levels. The main export markets for CIS-origin flat steel were Turkey and the Middle East-North Africa (Mena) region, where people have been observing the Islamic holy month of Ramadan since early last week. This typically results in business activity slowing down and buying...

Published

Serife Durmus

May 13, 2019

17:30 GMT

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