Russian flat steel producers' export offers have lately softened as compared to the previous month. While Russian flat steel producers' hot rolled coil (HRC) export offers for their March production were standing at $815-830/mt FOB, they have reduced their HRC export offers for April production to the level of $750/mt FOB, since their previous price offers did not gain sufficient acceptance in the market.
Another influential factor leading Russian flat steel producers to cut their export offers is the impact of the demand contraction in North Africa and the Middle East, key export markets for Russian steel exporters, due to the political upheaval in the region which has hit Russian producers' trade to these regions.
Russian steelmaker Severstal has decreased its HRC export offers from $815/mt FOB for its March production to the level of $750/mt FOB St. Petersburg for its April production and it has concluded some transactions to southern Europe at these levels. Another Russian steel producer Magnitogorsk Iron and Steel Works (MMK), on the other hand, has cut its HRC offers, which were standing at $790/mt FOB as of late February, to $750/mt FOB for its April production.
Russian flat steel producers reduce their HRC export offers
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.