30
Mar
18:18
Weaker Turkish demand, Asia competition slashes Russian HRC
Prices of hot rolled coil from Russia have decreased due to weak demand in Turkey, Russia's primary foreign outlet, and competition with Asian suppliers in the market, according to Kallanish sources.
Kallanish assesses Russia-origin HRC prices for export at $710-745/tonne fob Black Sea, while cold rolled coil is at $805-840/t fob.
NLMK reportedly has only a limited amount of HRC available, quoting at $795/t cfr Turkey, while MMK is quoting at $745/t cfr.
F…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous