The element of the market

The decline in the global market began to go into a crisis, according to some signs reminiscent of the situation of the fall of 2008. The period of intensive accumulation of reserves in March-April was replaced by a time of their spending. In the past few weeks, demand in all main markets has fallen sharply, and now prices have rolled down. At the same time, consumers conduct a waiting policy, counting on their further fall, so revitalization is unlikely in the near future.

Flat rolling manufacturers were in a dual position. On the one hand, they have to raise prices for their products due to the expected increase in ore and coal in July. On the other hand, due to low demand and excess of quotation, for four weeks in a row, it has been falling down. Today on the market you can see examples of both one and the other approach.

In Europe and in the Middle East, Ukrainian exporters still offer the cheapest flat rental. MMK named after Ilyich reduced the prices for g/k rolls to $ 590 per T FOB, and trading companies sell reserves of $ 560-580 per fob. At the same time, other Ukrainian and Russian manufacturers quote g/to rolls at $ 610-665 per T Fob. True, there is no particular demand for either the cheapest or more expensive material.






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