The CIS steel market is still stagnating. On one hand there is poor demand and economic volatility, on the other huge resistance from suppliers that are cutting offered volume under pressure of production costs.
Billet price continued to gradually go down last week. Finished longs are also decreased under the same trend.
Finished flats faced controversial trends. While the Ukrainian mills maintained their prices for HRC, Russian offers came to the normal ratio with the Ukrainian products.
FOB Black Sea
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 mm | -10 |
| Rebars | A300C-A500C | 12-32 mm | -20 |
| Wire rod | mesh | 5.5-6.5 mm | -10 |
| 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 | -20 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | -10 |
| CRC | Russian origin | 0.5-1.5 mm | -10 |
Change is on Nov 4th as compared to 28th Oct 2011
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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
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