In the export markets for flat steel from the Commonwealth of Independent States (CIS) trading activity was low in key outlets, although the positive global market mood supported higher offers, sources told Fastmarkets on Monday November 2.
Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $475-495 per tonne on November 2, unchanged week on week."There's a flat steel shortage in the EU [because producers that cut down output during lockdown can't catch up with increased demand] and Turkish suppliers are selling to the Mediterranean on limited offers from India [because Indian suppliers are...