SteelOrbis has been informed that price levels of flat rolled products by Russian steel producers have softened by about 50$/mt for May rolling offers.
Price level of Russian producer Magnitogorsk Iron and Steel Works (MMK) to the Tunisian market for its May production hot rolled coil (HRC) are standing at the price level of $750/mt CFR, while its May production cold rolled coil (CRC) offers are at $860/mt CFR, both for payment by letter of credit.
Meanwhile, SteelOrbis has further learned that another Russian steelmaker Novolipetsk Steel (NLMK) is offering May production HRC to the Tunisian market at the price level of $760/mt CFR and CRC at $870/mt CFR, both for 120-day deferred payment.