Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS
, was $460-480 per tonne on Monday, down from $470-485 per tonne a week before
“There is too much uncertainty in the market now. HRC prices from China and Turkey are weak,” one trader said. China is seen as the key trend-setter in the global market while Turkey is a competitor for CIS exporters in the Middle East-North Africa market.
Fastmarkets’ steel HRC index, export, fob main port China, had fallen by $39.28 per tonne to...