The export market for hot rolled coil (HRC) from the Commonwealth of Independent States (CIS) has stabilized as prices approach levels workable for buyers, sources told Fastmarkets on Monday January 14.
Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was stable at $440-460 per tonne fob Black Sea on January 14. "The market looks more stable now. Buyers had earlier been coming to us with bids $20-30 [per tonne] belowoffers from mills, but current prices have become more or less workable for them," one trader from the Middle East-North Africa (Mena) region.One deal for 20,000-25,000 tonnes of Ukraine-origin HRC was heard In Turkey at the end...