In the Greek flat steel market, demand continues to shrink due to the economic depression in the country. Traders' offers for
Ilyich production hot rolled coils (
HRC) to
Greece are currently standing at the level of $550/mt FOB, while
HRC offers direct from
Zaporizhstal are at $560-565/mt FOB Izmail. It is also heard from market sources that in the local Greek steel market hot rolled sheet prices are currently at about €520/mt ($678/mt) for 120-day deferred payment.