Russia’s export sales of hot rolled coil are weakening in line with softening sentiment in all major markets, as more competing suppliers reduce their prices in order to clinch sales.
Previously relatively hungry markets, such as Turkey and Egypt, have become more difficult to sell to, as demand plunged amid overstocking, currency issues, and general detrimental sentiment, market participants tell Kallanish.
Demand for Russian HRC in Turkey &ndash…
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