CIS FLAT STEEL: Market slow on weak sentiment

The export market for Commonwealth of Independent (CIS)-origin hot-rolled coil and cold-rolled coil were slow on pessimistic buyers’ mood, sources told Fastmarkets on Monday August 12.

Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS was $470-485 per tonne on Monday, unchanged week on week. “Local markets in the key outlets are weak, in such conditions import price should go down, otherwise it is not attractive,” one trader said. Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey was $490-495 per tonne on August 9, falling from $500-505 per tonne on August 2 on the seasonal summer slowdown and the...

Published

Marina Shulga

August 13, 2019

11:40 GMT

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