Severstal further cuts HRC export prices

Monday, 12 December 2011 15:11:32 (GMT+3)   |  
SteelOrbis has learned that Russian steelmaker Severstal's January production hot rolled coil (HRC) offers to the export markets now stand at the base price level of $575/mt FOB St. Petersburg.
 
As SteelOrbis previously reported, Severstal had been offering December production HRC to the export markets at $590/mt FOB in early November. However, the producer reduced its offers to $580/mt FOB towards the end of last month.

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