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| Monday Market Monitor - CIS (WEEK 05) - Rebar weakens - 08 Feb, 2010 | ||||||||||||||||||||||||||||||||||||||
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Longs and flats product prices exhibited different dynamics last week with longs weakening and flats strengthening. However, the situation on billets market seems to have stabilized at Black Sea as February production of all the mills is reported to have been sold and there is no need for producers to be active on the market. On the other hand, buyers are also reported to be in wait and watch mode. But finished longs are under pressure as the demand, especially for rebars, is very poor. This is forcing Black Sea long producers to look for orders at lower levels. On the other hand, finished flats markets demand and prices are more sustainable. FOB Black Sea
Change is on February 5th 2010 as compared to January 29th 2009 To know exact prevailing FOB prices at Black Sea, China, India, Turkey and Europe, as they change, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com with contact details. Please note that this is a paid service. (Sourced from www.steelprices-india.com) | ||||||||||||||||||||||||||||||||||||||
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