As per latest information from Black Sea, CIS steel export prices are rather stable, but future sentiments are moderately negative.
Billet price decreased by USD 5 per tonne to USD 10USD during the week and expectations are rather pessimistic due to raw materials and finished products dynamics.
But finished longs market was stable. But generally outlook is rather negative -export market is slow already for some time, now local demand should turn into low phase due to the winter conditions (till the last time the weather was extremely mild for the period), competitive environment is also tight.
Finished flats price is quite stable, but the market moved closer to the lows.
Source:
http://www.steelguru.com/russian_news/Black_Sea_based_steel_export_market_in_negative_zone_again/293743.html
