Trading activity in the market for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) has remained low over the past seven days because there have been few offers of March-rolled material.
"Mills have sold out their February-rolled material and now they are cautious, because there is a threat that the market will turn around," a trader told Metal Bulletin on Monday January 29.He added that markets for other steel products are weak, and that is why it is possible that prices for flat steel will go down as well.Metal Bulletin's weekly price assessment for CIS HRC...