Export prices for flat steel from the Commonwealth of Independent States (CIS) have increased further because material availability was lower than the level of demand, source told Fastmarkets on Monday February 18.
Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $520-530 per tonne fob Black Sea on February 18, up by $20 per tonne week on week.Russia-origin HRC was heard sold to re-rollers in Turkey at $540 per tonne cfr, equivalent to around $520-525 per tonne fob Black Sea.In the Middle East-North Africa (Mena) region, deals for Russia-origin HRC were heard at $525-530 per tonne fob Black Sea."Russian mills have closed their order books...