The export price for steel hot-rolled coil from the Commonwealth of Independent States (CIS) narrowed downward after deals were done at lower levels during the week to Monday February 15, but the general market mood improved due to higher scrap prices in Turkey.
Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS was $690-705 per tonne on Monday, down on the high end of the range from $690-715 per tonne a week earlier."Once scrap prices started to increase last week, demand for flat products increased in Turkey,"...