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.
Hot-rolled sheet prices in Russia's Central Federal District around Moscow drifted down in the week to Monday July 12, with some producers considering lowering their offer prices to generate buying interest, sources told Fastmarkets.
Russian metallurgical company Magnitogorsk Iron & Steel Works (MMK) has started pilot production of hot-rolled coils in Turkey. The company will definitely affect CIS transactions in the medium term. On the other hand, changing prices in this area can also overshadow Iran's export prices.
Export prices for steel hot-rolled coil products from the Commonwealth of Independent States went down on Monday July 12 with most new deals made with Turkey, sources have told Fastmarkets.
The Commonwealth of Independent States (CIS) export billet market turned quiet at the end of the week to June 25 following news of the Russian government’s plan to impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union (EAEU) from August 1, Fastmarkets heard.
Domestic prices for steel rebar in Russia’s Central Federal District around Moscow remained firm in the week to June 21 with good demand from construction, sources told Fastmarkets.
The domestic market for flat steel in Russia’s Central Federal District around Moscow was largely stable in the week to Monday June 21, with most sources expecting either a rollover or even a downward correction in the short term, Fastmarkets heard.
Offers from billet producers in the Commonwealth of Independent States were stable in the second half of the week despite reports of limited demand.
Export slab prices from the Commonwealth of Independent States (CIS) strengthened as of mid-June after sellers believed in the potential to sell material at higher prices in some markets, sources told Fastmarkets.
The export market for flat-rolled steel products from the Commonwealth of Independent States was firm but calm during the week to Tuesday June 15 after large buyers had already restocked, sources said.