Severstal reduces its June output HRC and CRC prices for Turkey

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)
HRC	15,000-20,000 and above	585
HRC	2,500 and above	600-617
CRC	15,000-20,000 and above	700
CRC	2,500 and above	715-732

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