CIS FLAT STEEL: Uptrend continues amid ongoing shortage

November 18, 2020 / www.metalbulletin.com / Article Link

The price uptrend in the Commonwealth of Independent States (CIS) export market for flat steel continued over the week to Monday November 16 due to a remaining material shortage, sources said.

Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $520-530 per tonne on November 16, up by $5 per tonne from $515-525 per tonne a week earlier.
Most market activity was concentrated in Turkey - the key outlet for steel flat export from the CIS - where buyers needed to restock, Fastmarkets heard.

Russia-origin HRC was heard sold...

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