SteelOrbis has been informed that the price levels of Russian producer Magnitogorsk Iron and Steel Works (MMK) to the Tunisian market for its November production hot rolled coil (HRC) are standing at $720/mt CFR, while its November production cold rolled coil (CRC) offers to the same destination are at $840/mt CFR, both for payment by letter of credit.
Meanwhile, SteelOrbis has further learned that Ukranian steelmaker Zaporizhstal's HRC price offers to the Tunisian market stand at $700/mt CFR for January shipments, while its CRC offers are at $800/mt CFR, also for January shipments.
Russian flat steel offers to Tunisia have decreased by $10/mt as compared to last month, while demand remains weak in the Tunisian market. Meanwhile, Ukranian flat steel offers to the Tunisian market are lower than Russian offers but there are not many bookings due to the late shipment date. Meanwhile, buyers prefer not to book in a period in which prices are falling.