Buyers in the export market for flat steel from the Commonwealth of Independent States (CIS) have accepted high offers from suppliers on further price growth expectations, sources told Fastmarkets on Monday February 11.
Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) spiked to $500-510 per tonne fob Black Sea on February 11, up from $460-480 per tonne a week ago as a result. One deal for Ukraine-origin HRC heading to Turkey was done at $518-520 per tonne cfr, equivalent to around $505 per tonne fob Black Sea. Another deal was heard in Turkey for Russia-origin HRC at $530 per tonne cfr, or around $510-515 per tonne fob Black Sea. Ukraine usually supplies...