It is reported that the CIS export market is in positive mood despite mixed factors on background.
Billet is traded in the same range as the previous week but sentiments are positive and the market has generally moved towards USD 560 per tonne to USD 565 per tonne FOB with strong contracting at USD 560 per tonne level for September.
Finished longs segment is on the controversial ground. On one hand regional players are trying to push prices up increasing offers. But the demand is really slow and the market conditions are week.
Finished flats are rather stable. The market is weak; at the same time it seems that the regional suppliers are effectively defending their price positions.
FOB Black Sea
|Billets||3-5 sp/ps||125-150 mm||0|
|Wire rod||mesh||5.5-6.5 mm||15|
|HRC||ST1-ST3 kp/sp/ps||2-8 mm||5|
|HRC||ST1-ST3 kp/sp/ps (Russian)||2-8 mm||0|
|CRC||08 kp (Ukrainian origin)||0.5-1.5 mm||0|
|CRC||Russian origin||0.5-1.5 mm||0|
Change is on 24th August as compared to 17th August 2012
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Source - Steel Price India