Fastmarkets’ weekly price assessment for steel HRC, export, fob Black Sea, CIS
, was $840-865 per tonne on Monday, down from $850-870 per tonne a week before
“Overall market sentiment is negative because offers have been falling week on week. That is scaring buyers and not encouraging demand,” one buyer said. “Prices will continue to drop until the end of the year, especially with the declining property sector in China and a slowdown in Europe.”
Offers of Russia-origin HRC were reported in Turkey at $880-900...