Russian steel producer Severstal has reduced its July production hot rolled coil (HRC) and cold rolled (CRC) offers to Turkey as compared to May output price levels by $40/mt and $55/mt respectively. Severstal had decreased its HRC and CRC offers last month by around $15-16/mt.
Meanwhile, the company has also announced that it will continue to accept firm bids for all its new steel plate offers to Turkey.
Severstal's HRC and CRC offers to Turkey are as follows:
Product | Tonnage (mt) | Price ($/mt) |
15,000 and above | 545-560 | |
3,000 and above | 560-575 | |
3.000 and above | 585-640 | |
3,000 and above | 660-695 |
All above prices, which are on CFR basis, are for shipment in late August and in September.