CIS Black Sea export steel prices to be rolled over on January 6

Fastmarkets will roll over its CIS Black Sea export steel prices on January 6, 2023, due to the Russian New Year holiday and the fact that exports from Ukraine have ceased since the war with Russia began.

CIS export prices usually include material exported via the Black Sea from both Ukraine and Russia. As such, these prices would normally be published on January 6, because exporters in Ukraine would remain active even while those in Russia observed the Russian New Year holiday, which runs January 2-6.

Since Russia invaded Ukraine in February 2022, however, Ukrainian steel exports by sea have ceased.

Therefore, there will be no steel export activity during the Russian New Year holiday, and so Fastmarkets will roll the prices over.

The affected prices are:

MB-STE-0014 steel hot-rolled coil export, fob Black Sea, CIS, $ per tonne
MB-STE-0012 steel cold-rolled coil export, fob Black Sea, CIS, $ per tonne
MB-STE-0016 steel slab export, fob Black Sea, CIS, $ per tonne
MB-STE-0017 steel wire rod (mesh quality) export, fob Black Sea, CIS, $ per tonne

For more information or to provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Ross Yeo by email at: pricing@fastmarkets.com. Please add the subject heading “FAO Ross Yeo, re: CIS Black Sea export steel prices.”

Fastmarkets’ metals holiday publishing schedule has been updated accordingly. For the full schedule, please see here.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments, as part of its announced annual methodology review process.