Offers of June production hot rolled coil (
HRC) from Russian mill Magnitogorsk Iron and Steel Works (
MMK) to
Turkey are currently given at $735/mt CFR, up from the steelmaker’s offers for its May production at $700/mt CFR. Meanwhile,
MMK’s cold rolled coil (
CRC) offers to
Turkey are at $845/mt CFR, rising by $25/mt as compared to its offers for May production.