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[www.ferro-alloys.com] CIS steel coil prices continued to fall, due to Chinese steel coil export prices also fell further. Some market participants consider steel coil prices has reached near the bottom, a stock market has been gradually depleted, so the market is expected to gradually increase in the near future.
But buyers said the current market is still uncertainty, prices could drop quickly once again, some buyers think there is at least US$15 to fall, therefore it is no hurry to buy.
At present, CIS hot rolled steel coil export price is at US$360~370/ton FOB; those for cold-rolled steel coil export price is at US$410~420/ton FOB.

(Article from Internet for reference only)

• [Editor:Chen Zhen Seng]