While China’s HRC and plates offers remained unchanged this week, CRC offers registered a fall of USD 10-15/MT amid weak demand. Country’s domestic flat steel prices this week also ended lower than the previous week.
CIS countries HRC and CRC export offers which have remained unchanged last week, registered a fall under the pressure of slack in demand and fall in raw material prices.
Despite ongoing Ramadan festival, HRC import prices in UAE increased this week, while CRC prices registered a fall of USD 10-20/MT.
HRC Prices
| Countries | Prices/MT | W-o-W change/MT |
| FoB China | USD 335-340 | – |
| Ex-Shanghai | RMB 2,510-2,530 | RMB 30-40 |
| FoB Black Sea | USD 390-400 | USD 20-30 |
| Cpt-Moscow | RUB 34,800-38,400(USD 530-585) | – |
| CFR Turkey | USD 400-410 | USD 25-30 |
| Domestic Turkey (ex-works) | USD 470-500 | USD 35-40 |
| Saudi Arabia Domestic HRC | SAR 1,631 (USD 435) | – |
| UAE Import price | USD 370-375 | USD 20-25 |
CRC Prices
| Countries | Prices/MT | W-o-W change/MT |
| FoB China | USD 385-390 | USD 10-15 |
| FoB Black Sea | USD 440-445 | USD 20-25 |
| Cpt-Moscow | RUB 39,500-43,500(USD 605-665) | – |
| CFR Turkey | USD 470-475 | – |
| Domestic Turkey (ex-works) | USD 535-540 | USD 25-30 |
| UAE Import price | USD 480-490 | USD 10-20 |
| FoB India | USD 500-530 | – |
Plates
| Countries | Prices/MT | W-o-W change/MT |
| FoB China | USD 335-340 | – |
| FoB Black Sea | USD 440-450 | – |
| Cpt-Moscow | RUB 40,000(USD 611) | RUB 3,000 (USD 46) |
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