Recent weakness in Chinese export hot-rolled coil prices are likely to have minimal impact on prices in Turkey and the Commonwealth of Independent States - major flat steel suppliers - at least in the short term, sources told Fastmarkets.
Existing demand at key outlets and long lead times will prevent prices from following the Chinese export price in the near term, Fastmarkets has learned.Despite the slight price drop, one flat steel exporter from the CIS said it is unlikely that HRC export prices fob Black Sea will reduce...