CIS FLAT STEEL: Prices climb on global uptrend, revival of confidence

Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States have increased in line with the global uptrend, sources told Fastmarkets on Monday November 18.

Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS, was $390-405 per tonne on November 18, up from $375-385 per tonne fob a week ago.
Several sales of Russia-origin material were made to Turkey at $410-420 per tonne cfr, closely equivalent to $390-405 per tonne fob Black Sea, depending on the supplier.

“There are no visible factors [indicating] higher demand. Buyers just became more confident that prices had stopping falling and started to...

Published

Marina Shulga

November 18, 2019

17:50 GMT

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