The export price of CIS HRC steel coil is stable and rising

According to foreign media reports, the estimated price of CIS HRC steel coil exports on May 17 was US$1055-1075/ton (FOB, Black Sea), compared to US$1020-1075/ton (FOB, Black Sea) last week.

According to news from the CIS market, some CIS steel mills have recently offered HRC steel coil export quotations of US$1055-1075/ton (FOB, Black Sea), but the export quotations are expected to be raised soon. A steel mill in the Commonwealth of Independent States indicated that it would consider raising its export quotation this week. It is also paying close attention to the hot coil export price of Chinese steel mills. The steel mill also said that the current supply of hot rolled steel coil is still tight from a global perspective.

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