31
Aug
15:46
CIS coil prices give in to downward momentum
Both Russian and Ukrainian hot and cold rolled coil offers for October-produced material are expected in the market on Monday and Tuesday. Early indications however show that offers will have to come down conisderably in order to entice buyers.
Russian Urals-based producer's HRC - a generally accepted benchmark for CIS material - was said to have been sold in Vietnam at $588/tonne cfr, an equivalent of around $540/t fob Black Sea. This is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous