Severstal adjusts flat steel export prices downwards

Friday, 13 April 2012 11:25:48 (GMT+3)   |  
SteelOrbis has learned that Russian steelmaker Severstal's May production hot rolled coil (HRC) offers from its mill 1700 to the export markets now stand at the base price level of $625-630/mt FOB St. Petersburg, softening by about $5-10/mt as compared to its offers for April production at $635/mt FOB. However, the producers' transactions for April production were concluded at about $610/mt FOB.
 
In the meantime, Severstal's May production cold rolled coil (CRC) export offers from its four-strand mill are standing at $725/mt FOB St. Petersburg, compared to $735/mt FOB for April production, while its CRC export offers from its five-strand mill are now at $745/mt FOB St. Petersburg.

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