10
Nov
16:40
Russian HRC prices remain pressured amid low sales
Russian hot rolled coil export prices remain on the downward curve, pressured by limited export possibilities due to sanctions, overall low demand and ongoing weakening sentiment in all major regions. Competition with Asian suppliers, who considerably reduced their offers in the past month, is also weighing, narrowing an already limited sales pool, Kallanish observes.
Indicative offers have returned to mid-September levels of around $530-560/tonne fob Black/Baltic…
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Anonymous
Very good overview of the weekly steel market.
Anonymous