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HR prices crash by USD 50 at Black Sea this week

It is reported that the price of HRC at Black Sea came under tremendous pressure this week and saw a major decline.
HRC
2mm to 8mm
ST1-ST3 kp/sp/ps

Origin

Change

%

Ukrainian

-30

-8%

Russian

-50

-13%

Change is on March 6th as compared with February 27th 2009
Change is in USD per tonne
Delivery FOB ST Black sea

Russian origin HR price levels, which have always been higher that that of Ukrainian origin, are now reported to be at par with Ukrainian levels.

Mar 8, 2009 12:12
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