The market was quiet for hot-rolled coil (HRC) and cold-rolled coil (CRC) in the Commonwealth of Independent States over the week ended Monday June 11, while mills were preparing to revise offers for July-rolled products.
Metal Bulletin's weekly price assessment for CIS-origin HRC exports was unchanged at $535-555 per tonne fob Black Sea on June 11. "We will see some improvement next week, when [the Islamic holy month of] Ramadan ends," one trader told Metal Bulletin. "Demand is moderate because the market is weak and buyers prefer to wait and see where the bottom is," another trader said. Last week, prices for CIS-origin HRC were heard to be stable....