The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States has grown on restricted supplies and rising prices for semi-finished steel products, sources have told Metal Bulletin.
"Mills are overbooked and buyers are searching for material," a trader told Metal Bulletin. He added that it was a challenge to find HRC available to purchase, although CRC was more easily found.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $585-600 per tonne fob Black Sea on Monday February 26, unchanged from last week, because deals were heard done at the same prices.Metal Bulletin's weekly price assessment for CIS export slab, however, was $540-550 per tonne fob Black Sea...