CIS hot rolled coil down $20 as demand continues to slide

摘要

CIS steelmakers are cutting or have already cuttheir hot rolled coil export prices by at least $20 per tonne, market participants said. Severstal transacted 100,000 tonnes two weeks ago at around $750 pertonnefob Baltic ports to Europe and the Americas, a fall from offers of $770 for March rolling, a source close to the Russian steelmakersaid.