Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS
, was $470-485 per tonne on Monday, down from $485-500 per tonne week on week
“The local market is weakening here [in Turkey, the principal outlet for CIS-origin flat steel], so import prices should go down,” one source from Turkey told Fastmarkets. “Moreover, MMK [Russia’s Magnitogorsk Iron & Steel Works] is in the process of restarting its rolling line and has started to offer light [standard-gauge HR] coils from September production.”
One sale of...