Russia's Severstal raises HRC export prices

Tuesday, 14 February 2012 16:49:29 (GMT+3)   |  
SteelOrbis has learned that Russian steelmaker Severstal's March production hot rolled coil (HRC) offers from its mill 2000 to the export markets now stand at the base price level of $660/mt FOB St. Petersburg, while its HRC export offers from its mill 1700 stand at $640/mt FOB St. Petersburg.
 
The producer's HRC export offer prices have indicated an increase of about $30/mt as compared to last month. Severstal sold most of its February production to the Americas and the new price levels are again expected to gain acceptance mostly in the same region.

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