CIS FLAT STEEL: HRC and CRC prices rise because of tight supply, growing local prices at outlet regions

Export prices of hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States have climbed further because of tight availability and rising local prices at outlet regions, market sources said on Monday December 16.

Fastmarkets’ weekly price assessment for steel HRC, export, fob Black Sea was $460-470 per tonne on Monday, up from $425-435 per tonne a week earlier.

One sale of Russia-origin HRC was done to Turkey at $485 per tonne cfr, which equates to around $465-470 per tonne fob Black Sea. Buyers therefore looked to have accepted increased offers, which were $480-490 per tonne...


Marina Shulga

December 17, 2019

18:10 GMT