The export market for flat steel products from the Commonwealth of Independent States (CIS) was slow in the seven days to Monday February 1, with hot-rolled coil prices decreasing sharply because of weak demand.
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $695-725 per tonne on Monday, down from $745-760 per tonne a week earlier."When I called a producer two weeks ago to book material, they would give me small volumes, or a long delivery time, and at high prices. [But now] producers are...