Exporters of CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) increased their prices after the new year holiday period amid short-term price growth for material of Chinese origin.
"Producers increased their prices a lot at the wrong time, when consumers are not ready to accept them because Chinese prices are going down again," a trader told Metal Bulletin on Monday January 15.Metal Bulletin's weekly price assessment for CIS HRC exports increased to $570-595 per tonne fob Black Sea on January 15, up from $540-555 per tonne...