CIS FLAT STEEL: Offers down on buyers' bearish mood

Flat steel exporters from the Commonwealth of Independent States (CIS) reduced offers for hot-rolled coil on a bearish buyer mood in key outlets, sources told Fastmarkets during the week ended on Monday February 24.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $465-475 per tonne on Monday, narrowing from $460-480 per tonne a week before.

Offers for Russia-origin HRC were heard at $490-500 per tonne cfr in Turkey - close to $475-480 per tonne fob Black Sea. Thus, mills reduced offers to...


Marina Shulga

February 24, 2020

16:30 GMT