Buyers in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States expect further price declines, sources told Metal Bulletin this week.
"The mills are becoming more flexible in price discussions, but they don't declare [their] prices. Everything is discussed against bids," a trader told Metal Bulletin on Monday April 23.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was unchanged at $590-600 per tonne fob Black Sea on April 23, due to low trading activity.Russia-origin HRC was...