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09 Apr

CIS mills adjust HRC export prices

CIS flat steel producers have started offering May-rolling hot and cold-rolled coil at revised prices, reflecting the sluggish demand in most export markets, market participants tell Kallanish. A Russian mill is offering May-rolling HRC at $605-610/t fob. This is down $10-15/t in the upper end of the range from the latest prices heard for May-shipment HRC in March. A Ukrainian mill has come with offer prices $10/t lower than the Russian producer, trader sources …
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