CIS FLAT STEEL: Prices fall further despite talk of stabilization

Export prices for hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States fell again despite expectations that prices had bottomed, sources told Fastmarkets on Tuesday October 15.

Fastmarkets’ price assessment for steel HRC export, fob Black Sea, CIS was $380-395 per tonne on October 15, down from $400-410 per tonne a week earlier.

“Scrap prices stopped falling and buyers started to think that flat [product] prices have bottomed, even some demand has appeared,” one trader, who deals with the Middle East and North Africa (Mena) region, told Fastmarkets. “But...


Marina Shulga

October 15, 2019

22:31 GMT