Price levels of January production hot rolled coil (
HRC) from Russian mill Magnitogorsk Iron and Steel Works (
MMK) to
Turkey are currently given at $665/mt CFR, while the producer’s price levels for
Turkey for January production cold rolled coil (
CRC) are at $775/mt CFR. Both prices indicate a $45/mt increase, as compared to
MMK’s offer levels to
Turkey for its December production.