This week, different price movements were seen in the retail flats segment. The offers for hot-rolled sheets (HRS) have remained stable due to the relative stability of mills' prices and some hopes for an increase in the short run. In the segment of the cold-rolled sheets (CRS) the prices have moved down, taking into account the negative lack of demand for cold-rolled steel in both domestic and export markets, while the supply is currently excessive.
“Since attempting to maintain the HRC prices at the same levels, there is some quietness in the sheet part this week. The reasons for this include certain optimism in the scrap market, but we will see how this rebound affects the flat segment in the subsequent weeks since it is certain that this stagnation will not last as long as the poor conditions persist,” a source told SteelOrbis.
Workable domestic HRS are currently priced at $660-700/mt ex-warehouse, stable over the week. In the meantime, the price of the CRS has decreased from last week by $30/mt to $750-800/mt ex-warehouse.