Russian steel producer Severstal has increased its flat steel offers to Turkey for its December production as compared to the latest transaction levels in the past month. Accordingly, the mill's hot rolled coil (HRC) offers have increased by $10-20/mt, while its prices for cold rolled coil (CRC) of 0.51 mm and above thickness have moved up by $70-75/mt. In the meantime, the producer has not yet given any offers for plate and for CRC thinner than 0.51 mm (a material used in the automotive and white goods sectors).
Severstal will continue to accept firm bids again this month.
Severstal's flat steel offers to Turkey are as follows:
Product |
Price ($/mt) |
HRC from mill 2000 |
565 |
HRC from mill 1700 |
565 |
CRC of 0,51 mm and above thickness |
685 |
All above prices are for December output and on CFR basis.