CIS FLAT STEEL: Downtrend continues on pessimistic buyers

Pessimistic buyers caused the downtrend in the export market for flat steel products from the Commonwealth of Independent States downtrend to continue in the week to Monday September 27.

Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $830-855 per tonne on Monday, down by $10 from $840-865 per tonne a week before.

“Buyers think that offers will go lower and postpone bookings,” one buyer said. “We do not think that the market is somewhere close to the bottom, because...

Published

Marina Shulga

September 28, 2021

14:17 GMT

Dnipro