SteelOrbis has been informed that price levels of Russian producer Magnitogorsk Iron and Steel Works (MMK) to the Tunisian market for its August production hot rolled coil (HRC) are standing at $750/mt CFR, while its August 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 August production HRC to the Tunisian market at the price level of $780/mt CFR, while its CRC offers are at $900/mt CFR, also for August rolling.
Russian flat steel offers to Tunisia have not shown any significant change as compared to last month, while demand remains weak in the Tunisian market.