15
Jun
17:31
CIS HRC correction may be over for now
The CIS hot rolled coil export price slide may have come to an end with prices approaching $1,000/tonne fob for some destinations, as the recent bearish sentiment appears to be turning.
Market participants tell Kallanish China's HRC price stabilisation will positively affect the CIS and Asian HRC price dynamic, and the chances that Chinese HRC will indeed stabilise are considerable. Chinese mills' HRC cost of production is high on the back of strong raw ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous