Export prices for steel hot-rolled coil products from the Commonwealth of Independent States region were stable over the week to Monday July 19 with deal prices almost unchanged from the previous week.
The Turkish market continued to support CIS producers, with two cargoes heard sold within the range of $950-955 per tonne cfr. This compared with bookings at $945-960 per tonne cfr previously. This week’s price would net back to $925-930 per tonne fob Black Sea.
One cargo originated from Russia, the other from Ukraine, sources said.
Offers from Ukraine were varying within the range of $945-965 per tonne cfr Turkey ($920-940 per tonne fob Black Sea), depending on the mill.
Russian material was available in Turkey at prices equivalent to $930-935 per tonne fob.
In Italy, Russia-origin material was available at $980 per tonne cfr ($940 per tonne fob Black Sea), while Ukraine-origin HRC was offered to West Africa at a price equivalent to $930 per tonne fob Black Sea.
Consequently, Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $920-940 per tonne on July 19, unchanged week on week.
There was also a cargo of Russia-origin HRC reported sold to Vietnam, for shipment from the country’s Far East province, at $890 per tonne cfr ($850 per tonne fob).
Cold roll coil
In the cold-rolled coil (CRC) sector, prices went down, with lower offers heard from both Russian and Ukrainian mills.
Russia-origin material was available to customers within the range of $1,030-1,060 per tonne fob Black Sea, while Ukraine-origin cargoes were heard available at $1,030 per tonne.
Consequently, Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob Black Sea, CIS, was $1,030-1,060 per tonne on July 19, down from $1,125-1,145 per tonne a week earlier.
The weekly price assessment for steel heavy plate, 8-50mm, export, fob Black Sea, CIS, also dropped on July 19 to $990-1,000 per tonne from $1,020-1,025 per tonne a week earlier.
The assessment was based on offers and sales prices reported by market sources.
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