CIS FLAT STEEL: Prices rise on lower availability, longer lead times

The export prices for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States (CIS) have increased on longer lead times and reduced availability, sources told Fastmarkets on Monday July 8.

Fastmarkets’ weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $480-495 per tonne on July 8, up by $10 per tonne week on week.
Metinvest, the only flat steel exporter in Ukraine, was out of the market because of reduced availability.
“We are not offering [HRC] now because we will have significant production cuts in July-August due to the reconstruction of the rolling mill,” a source inside the company said. “We will wait and see before starting to offer September-rolled HRC.”

On July 5, Metinvest said that, due to...


Marina Shulga

July 08, 2019

18:44 GMT