CIS FLAT STEEL: Market dips on export competition from other regions

The export market for flat steel exports from the Commonwealth of Independent States (CIS) weakened amid increased competition with exporters from Asia, sources told Fastmarkets on Tuesday March 10.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $465-470 per tonne on Monday, narrowing downward by $5 per tonne from $465-475 per tonne a week before.

“Suppliers from Japan and South Korea sold HRC to Turkey at levels below the latest offers from Russia, therefore, we'll consider this as a new reference level...

Published

Marina Shulga

March 11, 2020

17:30 GMT

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