CIS FLAT STEEL: HRC market up on new sales, supplier optimism

The export market for steel hot-rolled coil from the Commonwealth of Independent States (CIS) improved during the week to Monday February 22 on new sales to Turkey and bullishness among suppliers.

Fastmarkets’ weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $705-725 per tonne on Monday, up from $690-705 per tonne a week earlier.

One Russian supplier was heard to be selling to Turkey, the key outlet for flat steel exports from the CIS, at $740 per tonne cfr. That would be closely equivalent to $725 per tonne fob. Offers from the same supplier were reported at $740-750 per tonne cfr,...


Marina Shulga

February 23, 2021

14:47 GMT