Producers to lift prices in August-September

摘要

In June, prices for uncoated flat products have stayed unchanged owing to relative stability of FOB quotations for HR coils and the market revival in Kazakhstan. In the first half of the month, export demand was weakening. Amid continuing recession in the key consuming industries, a hike in traders. purchases usually seen in late May gave place to a temporary lull. In this view, CIS semis exporters had to retreat from the previously announced increase in prices for the July output (up $20-25/t) and retained them at the level of the last week of May - $695-700/t FOB Caspian Sea.