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 reconstruction of the...