Last week, the CIS coil and plate export prices stabilized, hot rolled coil and cold rolled coil export quotations were USD 345 / ton (FOB) and USD 440 / ton (FOB). Among them, the Russian mills intent to increase the offer to break up price falling for a year, but other CIS markets cautious on the outlook.

Currently, HRC export offers of Russia to non-EU regions is USD345-348 / tonne (FOB), market transactions is not very good, but prices held steady. The price of HRC to EU quoted at USD345 / ton (FOB), not competitive. In addition, the cold coil export offer of Russia to the EU is USD435 / ton (FOB), the EU is on the volume of Russian anti-dumping investigation of cold, so the offer is not attractive for European buyers.

                                                             XINSTEEL NEWS