CIS FLAT STEEL: Market weak on low buying activity

Export prices for flat steel products from the Commonwealth of Independent States (CIS) softened again during the week to Monday October 5 because buyers remained inactive.

Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $470-495 per tonne on Monday, down by $15-25 per tonne from $495-510 per tonne a week earlier.
Suppliers were heard to have reduced their offers to stimulate sales.

A Russian supplier lowered its HRC offer to $490 per tonne fob. A week earlier, its offer was...

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