Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States continued to be in bullish mood in the week ended Monday March 12, despite a rapid price decline for China-origin material.
Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $610-625 per tonne fob Black Sea on March 12, narrowing upward from $590-625 per tonne fob Black Sea a week earlier [LINK].In the Middle East-North Africa (Mena) region, offers of standard-sized HR coils from a Russian supplier rose to $620 per tonne fob Black Sea, while the cost of big coils went up to $630 per tonne fob Black Sea, sources said."[The producers] are late with price increases because the Chinese market is falling," a...