Price levels of February production hot rolled coil (
HRC) from Russian mill Magnitogorsk Iron and Steel Works (
MMK) to
Turkey are currently given at $750/mt CFR, while the producer’s price levels for
Turkey for February production cold rolled coil (
CRC) are at $860/mt CFR. Both prices indicate a $85/mt increase, as compared to
MMK’s offer levels to
Turkey for its January production.