Last week,
Ukraine-based steelmakers
Zaporizhstal and
Ilyich Iron & Steel Works, subsidiaries of Ukrainian mining and steel producing group
Metinvest, increased their January production hot rolled coil (
HRC) offers to
Turkey by $20/mt as compared to transaction levels in the past month to $545-550/mt CFR.
In the meantime, January output cold rolled coil (
CRC) offers to
Turkey from
Zaporizhstal and
Ilyich Iron & Steel Works have also indicated an increase of $5-1/mt as compared to last month's transaction levels to $630-640/mt CFR.
On the back of global upward trend in flat steel prices, the offers in question may be revised again in this week.