CIS FLAT STEEL: Suppliers bullish on HRC prices after end of hollidays in key export destinations

CIS suppliers of flat steel are bullish about improving demand from Turkey and the Middle East and North Africa (Mena) region this week, due to the end of the holiday season in those areas.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $365-375 per tonne on Monday, up from $350-365 per tonne.

“Suppliers [from the Commonwealth of Independent States] are hoping for better demand after Ramadan and Eid in Turkey and the...

Published

Marina Shulga

June 02, 2020

15:42 GMT

Dnepr