SteelOrbis has been informed that Russian mill Severstal is offering January production hot rolled coil (HRC) to Turkey at the base price level of $625-635/mt CFR FO for shipments to Diliskelesi, while its offers for January production cold rolled coils (CRC) to Turkey are at the price level of $735/mt CFR FO Diliskelesi. Both offers are for late February and March shipments.
Although Severstal's offers are found to be on the high side in the Turkish market, it is believed that Severstal may apply some discounts for received firm bids.