Russian mill Severstal's hot rolled coil (HRC) offers for its December production to the export markets have shown a softening as compared to last month and now are standing at the base price level of $550/mt FOB St. Petersburg, while its HRC export offers from Rostov port stand at $590/mt FOB.
Meanwhile the producer's export offers for its December production hot rolled sheet (HRS) stand at the base price level of $565/mt FOB St. Petersburg.
Thus, Severstal's export offers for hot rolled flat products have returned back to August 2010 levels.
Meanwhile, the steelmaker has stated that it will focus on the Russian domestic market as regards cold rolled coil, plate and galvanized products. However, Severstal also said that it would consider bids, which stand above $710/mt FOB for cold rolled products, $625/mt FOB for plates and $825/mt FOB for galvanized products.