CIS FLAT STEEL: Prices surge again on global shortage

Flat-rolled steel product export prices from the Commonwealth of Independent States (CIS) jumped again during the week to Tuesday April 6 sue to an overall shortage of material in the global market, sources said.

Fastmarkets’ weekly price assessment for steel hot-rolled coil (HRC), export, fob Black Sea, CIS was $885-895 per tonne on Tuesday, up by 5.64% from $830-855 per tonne on March 29.

“Demand in the [European Union] is pretty good with limited supply, China is out of exports, [and] that creates the shortage in the global flat [steel] market and prices go...

Published

Marina Shulga

April 06, 2021

19:02 GMT

Dnipro, Ukraine