Russian steel producer Severstal has reduced its June production hot rolled coil (HRC) and cold rolled (CC) offers to Turkey by $15-16/mt as compared to its May production price levels. Severstal had also decreased its prices in the previous month by around $39/mt.
Severstal's HRC and CRC offers to Turkey are as follows:
Product | Tonnage (mt) | Price ($/mt) |
15,000-20,000 and above | 585 | |
2,500 and above | 600-617 | |
15,000-20,000 and above | 700 | |
2,500 and above | 715-732 |
All the above prices, which are on CFR basis, are for shipment in late July and in August.