CIS FLAT STEEL: Prices fall on weak domestic markets in outlet regions

The export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States (CIS) fell during the week ended Monday September 9 on weak domestic markets in customers’ home regions, sources told Fastmarkets.

Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS, was $430-438 per tonne on Monday September 9, down from $450-460 per tonne a week ago. A sale of Ukraine-origin HRC was heard in Turkey at $450 per tonne cfr. That would be equivalent to $430-435 per tonne fob Black Sea. Russia-origin HRC was on offer in Turkey at $450-455 per tonne cfr, or about $430-435 per tonne fob Black Sea. “It’s a hard time for the [CIS] producers, because local prices [in Turkey, which is the largest outlet for the CIS-origin...

Published

Marina Shulga

September 09, 2019

17:30 GMT

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