CIS FLAT STEEL: Export prices go up on restricted supply

By Marina Shulga / February 19, 2018 / www.metalbulletin.com / Article Link

Prices in the Commonwealth of Independent States' export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) have gone up again amid low availability of March-rolled material.

"Material allocation is very limited and producers are not ready to negotiate," one trader told Metal Bulletin.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $585-600 per tonne fob Black Sea on Monday February 19, up from $575-590 per tonne fob Black Sea a week earlier.Large shipment volumes to the CIS domestic market helped to create the shortage, rather than strong demand in export markets. In the Russian internal market, some producers are able to supply...

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