The market for flat steel exported from the Commonwealth of Independent States declined amid worsening buyer sentiment, sources told Fastmarkets on Monday October 19. Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $475-495 per tonne on October 19, widening downward from $480-495 per tonne a week earlier. “The local market in Turkey - [which is the largest outlet for CIS-origin flat steel]- is weakening, that’s why buyers’ expectations for import prices are also dropping,” one trader in Turkey said. Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Turkey was $510-520 per tonne on Friday, down by $10 per tonne week on week from $520-530 per tonne.
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