Russia’s Severstal hits new high in HRC export sales price levels

Monday, 17 May 2021 16:06:26 (GMT+3)   |   Istanbul

Severstal, one of the largest flat steel producers in Russia and the key CIS-based beneficiary in export sales to Europe, has recently achieved a new high in its fresh deals.

According to sources, Severstal has just sold a small hot rolled coil (HRC) batch to the northern EU at $1,240/mt FOB, while the previous deals were disclosed at $1,175-1,200/mt FOB Baltic region. The mentioned sale was done for the remainder of June production, since the export allocation overall for this month has been increased to around 150,000 mt due to high prices, SteelOrbis understands.

In the local Russian market, Severstal’s offers for June rolling remain at $1,171/mt (RUB 104,000/mt) CPT for hot rolled sheet and at $1,329/mt (RUB 118,000/mt) CPT for cold rolled sheets.

$1 = RUB 74.

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