Russia-based flat steel producer has successfully finished its export sales for hot-rolled coils for December production, mainly focused on European customers. The supplier is planning to start offering for January rolling in the coming days.
According to sources, the total volume of HRC sales by Severstal for December production was at around 100,000 mt, which is less compared to 130,000 mt for the previous month’s production. The latest deals for small coils have been closed at $900-930/mt FOB and at $960-1,000/mt FOB for the big coils. A majority of the deals have been concluded with the buyers from the northern part of the EU, while buyers from southern Europe have been finding the offered levels not workable, SteelOrbis understands.
In the local market, the prices for hot-rolled sheet (HRS) in Russia have for now settled at RUB 76,000/m or at $895/mt CPT. Sources expect the mills to start announcing their domestic prices for November production starting from next week.
