It is reported that the general outlook looks quite negative at Black Sea market of steel, surely in terms of general trend, but not a rapid fall down.
Market keeps the levels of the last week, but trends are clearer this time.
Working levels of billet price have reduced as compared to previous week by USD 10 per tonne to USD 15 per tonne. There are also proposals on lower level. Taking into account the current state of demand we think that “offer” price indication will come closer to current “Low”.
The same situation is for finished longs that lost about USD 5 per tonne to USD 10 per tonne last week.
For flats trend is a little bit different as we heard that latest deals from some producers were at increased prices. It seems to result as most of the producers have already booked their mills for December and are now trying to get orders for January. But in general “working interval” were on the same levels.
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | -10 |
| Rebars | A300C-A500C | 12-32 mm | -5 |
| Wire rod | mesh | 5.5-6.5 mm | 0 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | 0 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | -10 |
| Plates | A36 | 8-30 mm | 0 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | -10 |
| CRC | Russian origin | 0.5-1.5 mm | -20 |
Change is on November 13th as compared to November 6th 2009
In USD per tonne
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(Sourced from www.steelprices-india.com)
