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07 May
18:21

CIS mills unsuccessfully attempt coil export price rise

Some CIS flat steel producers have tried to raise offer prices for export slightly last week, reflecting higher Chinese export prices the week before. The attempt, however, was not accepted and the declining trend continues, according to market participants. Russian producers were asking $445-455 fob for May-June production HRC in the past week. This is up by $5-10/t over the week-ago asking price levels. At the same time, CIS-origin HRC and …
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