Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have not cut offers further citing a slight improvement in the global market.
CIS producers cut their offer prices in early April and again later in the month.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $580-590 per tonne fob Black Sea on Monday May 7, narrowing down by $5 per tonne from $580-595 per tonne fob Black Sea. Russian June-rolled heavy gauge HRC was on offer at $590-592 per tonne fob Black Sea on Monday, while offers...