CIS FLAT STEEL: HRC prices down on negative market sentiment

Export prices for steel hot-rolled coil from the Commonwealth of Independent States (CIS) softened further during the week to Monday February 8 on negative market sentiment and weak demand.

Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $690-715 per tonne on Monday, down from $695-725 per tonne a week earlier.
One supplier from Russia was heard to reduce its offer to $690 per tonne fob for Turkish buyers, while another Russian supplier has kept its offers at $715 per tonne fob or above.

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