CIS strip price drop attributed to Asian influx

Nov 16, 2005 | 10:30 AM |

Carbon strip export prices from the Commonwealth of Independent States (CIS) have fallen $30 a tonne in the past three weeks, with many traders blaming increased shipments from East Asian countries.

Export prices for hot-rolled coil from CIS countries are now $360 to $390 a tonne, f.o.b. Black Sea, compared with $390 to $415 at the end of October. Cold-rolled coil is now selling at $455 to $485 a....

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