Russian mill Severstal has increased its flat steel export offers.
Accordingly, Severstal's hot rolled coil (HRC) offers for its January production to the export markets have shown a price increase of $40/mt as compared to last month due to high demand seen for the steelmaker's December production, and are now standing at the base price level of $590/mt FOB St. Petersburg.
Meanwhile, the producer's export offers for its January production hot rolled sheet (HRS) stand at the base price level of $600/mt FOB St. Petersburg, rising by $30/mt, its hot rolled plate (HRP) offers stand at $690/mt FOB St. Petersburg - up $65/mt, its CRC export offers stand at the base price level of $730/mt - up $20/mt, and the producer's HDG coil export offers stand at $830/mt, rising by $5/mt, all compared to last month. The producer's HRP allocation for export is relatively low.
Severstal has said that these export offers are FOB St. Petersburg, while an additional $45/mt charge is foreseen for loading from Rostov port, while the freight rate from Rostov/Taganroog to Tartous/Sousse/Beirut/Alexandria is $49/mt.