Severstal cuts HRC price for May rolling

Russian mill Severstal was the first one to announce $750/mt FOB for April rolling hot rolled coils back in March. The mill later on further cut its price level in mid-April due to the lack of demand in the market. As per latest information SteelOrbis obtained from market sources, Severstal has declared new price level for May rolling for hot rolled coils at $700/mt FOB St. Petersburg.