Existing demand at key outlets and long lead times will prevent prices from following the Chinese export price in the near term, Fastmarkets has learned.
Domestic and export flat steel prices mostly increased
in Turkey during the week ended Friday May 28.
Meanwhile, Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS
was $1,035-1,065 per tonne on June 1, down from $1,085-1,125 per tonne a week earlier and falling for the first time since mid-February
, when the recent uptrend started.
Despite the slight price drop, one flat steel exporter from the CIS said it is unlikely that HRC export prices fob Black Sea will reduce...