CIS flat rolled mills expected to issue March production export offers

Russian mills' February production hot rolled coil (HRC) offers are standing at $630-640/mt FOB, while Ukrainian mills' offers for February production HRC are in the range of $600-605/mt FOB.
 
For February HRC production, Russian steel producer Severstal has announced its export offer price as $605/mt FOB St. Petersburg, and the producer is expected to issue offers for its March production in the coming days. Other CIS flat steel producers are also due to issue March production offers. SteelOrbis has learned from market sources that Severstal has sold most of its February production to the Americas, while Ukrainian mills have sold their February production HRC to the Middle East, India and Far East Asia.
 
Export offers from the CIS for March production HRC are expected to be unchanged from February production levels.