The export market for hot-rolled coil from the Commonwealth of Independent States was flat in the week ending Monday May 18, but suppliers expect demand to rebound because prices have reached the bottom, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $350-360 per tonne on Monday, narrowing upward from from $340-360 per tonne a week earlier."We see positive sentiment in the market [and] stockists see that prices have touched the bottom and [that a rise is] coming," one exporter told Fastmarkets. "That is why they started to restock at the current...