The market for hot-rolled coil (HRC) exports from the Commonwealth of Independent States (CIS) remained soft during the week ended Monday April 15 on low bids in the key outlets, while cold-rolled coil (CRC) was almost unchanged on lower availability.
Fastmarkets' weekly price assessment for CIS-origin exports of HRC was $485-495 per tonne fob Black Sea on April 15, down from $500-515 per tonne fob a week ago. In the middle of the week, offers for Russia-origin HRC were heard in the Middle East-North Africa (Mena) region at around $485-495 per tonne fob Black Sea, with some deals heard at the lower end of the range. At the end of the week, the$485-per-tonne level remained workable for the majority of buyers, but mills "withdrew their offers and decided...