Ukrainian origin HRC offers for export

Wednesday, 04 March 2009 12:57:01 (GMT+3)   |  

Decreasing demand from the Far East has resulted in CIS producers turning their attention to Turkey, the Middle East and North Africa for new orders. It appears that the CIS producers are ready to consider a price decrease in the event of receiving any firm bids; on the other hand, customers are holding back from committing themselves and want to see if prices will drop further before the market level stabilizes. It is heard that a Ukrainian mill recently offered HRC to the export market at the level of $370-375/mt FOB for March/April shipments.

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