The export market for flat steel products from the Commonwealth of Independent States (CIS) weakened in the seven days to Monday January 18, amid growing competition from Chinese suppliers offering lower prices.
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $765-780 per tonne on Monday, down from $785-790 per tonne a week earlier.In Turkey - the key outlet for flats suppliers from the CIS - offers from Russia were heard at about $780-785 per tonne fob, while those from Ukraine were reported at about $775 per tonne...