It is reported that the prices for both long and flat steel went down substantially last week at Black Sea.
There was a sense of pessimism among the market players including steel mills that even these reduced levels would not suffice bookings as the demand has totally disappeared.
FOB Black Sea
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | -20 |
| Rebars | A300C-A500C | 12-32 mm | 0 |
| Wire rod | mesh | 5.5-6.5 mm | -15 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | -25 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | -10 |
| Plates | A36 | 8-30 mm | -20 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | -30 |
| CRC | Russian origin | 0.5-1.5 mm | -15 |
Change is on Oct 14th as compared to 7th Oct 2011
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