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.
Increase in HRC and CRC offer levels from Ukraine to Turkey
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