CIS FLAT STEEL: Slump in offer prices stimulates demand

Sales of flat steel have been stimulated by a slump in the offer prices for exports from the Commonwealth of Independent States (CIS), sources told Fastmarkets during the week ended Monday April 6.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $360-375 per tonne on Monday, down from $415-425 per tonne a week before.

“The market is very tough these days. Offers have dropped a lot, but if you need to find a buyer nowadays, you need to cut the price significantly,”...

Published

Marina Shulga

April 07, 2020

11:35 GMT

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