Russian mill Severstal has increased its flat steel export offers.
Accordingly, Severstal's hot rolled coil (HRC) offers for its February production to the export markets have shown a price increase of $60/mt as compared to last month and are now standing at the base price level of $650/mt FOB St. Petersburg.
Meanwhile, the producer's export offers for its February production hot rolled sheet (HRS) stand at the base price level of $670/mt FOB St. Petersburg, rising by $70/mt, its hot rolled plate (HRP) offers stand at $730/mt FOB St. Petersburg - up $40/mt, its CRC export offers stand at the base price level of $760/mt - up $30/mt, and the producer's HDG coil export offers stand at $860/mt, rising by $30/mt, all compared to last month.