Russian and Ukranian flat steel producers have lately announced their export offers for their March production, increasing their prices as compared to offers for February production. Meanwhile, the difference in prices between Russian and Ukrainian steelmakers' offers has reached up to $100/mt. For February production, this price difference was approximately $20/mt.
Due to the uncertainty surrounding the market, Russian steelmakers did not announce their export offers for March production in early February, instead delaying the announcements to last week. Accordingly, Russian flat steel producers have increased their export offers for March production by $90-165/mt, as compared to their offers for February production.
The first to announce its flat steel offers among CIS flat steelmakers was Russian steel producer Novolipetsk Steel (NLMK). SteelOrbis has learned that new hot rolled coil (HRC) offers from NLMK for its March production are at $830-840/mt FOB, while its cold rolled coil (CRC) offers are at $930-940/mt FOB.
Another Russian steelmaker Severstal, on the other hand, announced last week that it has increased its HRC offers by $165/mt from the base price level of $650/mt FOB St. Petersburg for February production to $815/mt FOB St. Petersburg for March production. In the meantime, the producer's plate export offers have been at $850/mt FOB, while its hot dip galvanized (HDG) coil offers have been at $1,020/mt FOB.
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has not allocated any CRC for export, while its HRC export offers have been at $830-840/mt FOB.
Finally, Ukrainian flat steel producers' mainstream HRC export offers stand at $740-750/mt FOB.