As per latest reports, the CIS steel export market was under pressure last week because of global economy uncertainty.
While the steel billet price decreased by USD 10 per tonne to USD 20 per tonne in the last days of week reflecting cracks in the market situation, the bigger players stuck to the offers in higher end of the band. But smalls lots of semis are reported to have been sold at reduced levels last week.
The reaction from finished longs segment is not clearly seen yet as the time lag was too short.
Finished flats quotations were rather stable as the local producer seems to be well booked for October, but generally sentiments are rather pessimistic.
FOB Black Sea
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | -20 |
| 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 | 0 |
| Plates | A36 | 8-30 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 Sep 23rd as compared to 16th Sep 2011
www.steelprices-india.com is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis.
Products covered
1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms
2. Long products - Rebar, wire rod, angle, channel and joists
3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes
How to subscribe
1. Register at www.steelprices-india.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-india.com.
3. Call at 0091-124-3007891/2/3
(Sourced from www.steelprices-india.com)
