Prices for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) remain high, with producers almost sold out of February-rolled material.
"The market is frozen because mills don't have material," a trader told Metal Bulletin on Monday January 22. He added that it was possible to buy CRC from Russian mills, but HRC was totally sold out.Meanwhile, March-rolled material was available from Ukrainian steelmaker Metinvest, sources said.Metal Bulletin's weekly price assessment for CIS HRC exports was $575-590 per tonne fob Black Sea on January 22, narrowing...