Severstal reduces its July output HRC and CRC prices for Turkey

Russian steel producer Severstal has reduced its July production hot rolled coil (HRC) and cold rolled (CRC) offers to Turkey as compared to May output price levels by $40/mt and $55/mt respectively. Severstal had decreased its HRC and CRC offers last month by around $15-16/mt.
 
Meanwhile, the company has also announced that it will continue to accept firm bids for all its new steel plate offers to Turkey.
 
Severstal's HRC and CRC offers to Turkey are as follows:
 
  

Product	Tonnage (mt)	Price ($/mt)
HRC	15,000 and above	545-560
HRC	3,000 and above	560-575
Plate	3.000 and above	585-640
CRC	3,000 and above	660-695

All above prices, which are on CFR basis, are for shipment in late August and in September.