The steel export market at Black Sea remained quite last week with minimal movements.
The billet prices kept their positions. There was no demand above USD 520 per tonne FOB, but also there s no supply below the level. Producers sound quite confident in the positions backed by decrease of production volumes and scrap prices.
Offers of finished longs came at almost the same rates as the previous week for wire rods at USD 560 per tonne to USD 590 per tonne FOB Black Sea with working range lower by about USD 5 per tonne. On the other hand, rebars prices weakened by about USD 10 per tonne to USD 20 per tonne to USD 550 per tonne to USD 570 per tonne levels.
Flat products exhibited minor downward adjustments for some of the products. Ukrainian origin HR was stable but Russian HR lost about USD 10 per tonne last week. Plates also lost at least USD 10 per tonne and traded at USD 610 per tonne to USD 650 per tonne although some deals were heard below USD 610 per tonne.