Ukraine-based company
Metinvest has sold all its March rolling hot rolled coil (
HRC) for the export market, which it had been offering to Europe at levels of $575-580/mt FOB. At present, the company is deciding on its new price levels, and so is mostly out of the market for the moment. Demand for March rolling
HRC was low, as buying activity was not so strong in the restocking period. Meanwhile, supply from the
CIS for the export markets has remained somewhat limited, as Russian producer
MMK in particular has been more active in its domestic market, selling limited overseas volumes. Currently, Russian
HRC offers to the Middle East are standing at $605-610/mt FOB.
The situation is similar for hot dip
galvanized (HDG) materials, with stable low demand. Thus, local offers for 0.5 mm Z100 HDG are standing at the level of RUB 33,550-34,550/mt ($1,100-1,120/mt) ex-warehouse in the central region of
Russia, while local prices in the eastern part of
Ukraine for 0.45 mm Zn100 are at around UAH 9,150-9,550/mt ($1,140-1,190/mt) ex-warehouse, both price ranges including VAT.