Russia has further lowered the export price of HRC for Middle East market by US$15-50/ton, at US$375-450/ton level in order to cope with less orders from China.
However, end buyers of flat products in Middle East tend to buy directly from local stockiests on small quantities rather than directly import from overseas when they are in urgent needs.
In comparison, Russian cold rolled steels arrived in April price is about CFR US$500-600/ton while local mill keeps at US$600/ton. Source: Yieh.com
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Sunday, February 22, 2009
11:21 |
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