Contradicting trends were seen for steel prices at Black Sea this week as on one hand the situation was quite stable, on other there are strong signs of weakening and working levels decrease.
CIS billets producers are squeezed between high raw materials costs and poor demand. Within last week working levels moved down by USD 15 per tonne to USD 20 per tonne.
But some suppliers are keeping away from market in wait and watch mode hoping for some positives by end of Spring Festival in SE Asia.
Similar factors are seen for finished longs markets, where "high" price also went down.
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Tuesday, February 16, 2010
11:08 |
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