CIS FLAT STEEL: Prices up as suppliers focus on other markets

The export market for flat steel products from the Commonwealth of Independent States went up during the week to Monday July 27 because Russian suppliers continued to focus on their domestic market, while Ukrainian producers concentrated on steel slab sales.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $405-420 per tonne on Monday, up by $5 per tonne from $400-415 per tonne a week before.
“I do not hear any offers from Russia… They have a good local market, where prices are higher [compared with exports],” one source from the Middle East said.
The latest offers from Russian suppliers were heard at $415-420 per tonne fob in mid-July.

Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic,...

Published

Marina Shulga

July 28, 2020

15:40 GMT

Dnepr