CIS FLAT STEEL: Market sees another drop but further declines doubtful

Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States continued to fall during the week ended Monday October 28, although market sources told Fastmarkets they doubted the market could decline much further.

Fastmarkets’ price assessment for steel HRC export, fob Black Sea, CIS  was $360-375 per tonne on October 21, down from $375-385 per tonne a week earlier.

“[Flats export] prices have been falling so much and so long, they look like a tight coil that could rebound any time,...

Published

Marina Shulga

October 29, 2019

10:49 GMT

Milan