The export market for flat steel from the Commonwealth of Independent States was calm during the week to Monday January 10 because suppliers have not yet returned to activity after their year-end holidays, while buyers remained pessimistic because of soft local markets.
Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $760-770 per tonne on Monday, unchanged week on week.
Suppliers have not announced new offer prices and were preparing to come back to the market next week.