Severstal’s HRC and CRC offers to Turkey increase

SteelOrbis has been informed that Russian mill Severstal is offering March production hot rolled coil (HRC) from its mill 2000 to Turkey at the base price level of $705/mt CFR FO for shipments to Diliskelesi, while its offers for HRC from its mill 1700 are at $690/mt CFR FO for shipments to Diliskelesi.
 
In the meantime, Severstal's offers for April production cold rolled coils (CRC) to Turkey are at the price level of $780/mt CFR FO Diliskelesi from its four-strand mill and at the price level of $805/mt CFR FO Diliskelesi from its five-strand mill.
 
All offers are for late May and June shipments.
 
For its March production, Severstal's initial offers to Turkey were at $700-715/mt CFR for HRC and at $785/mt CFR for CRC. However, the producer revised its offers downwards by about $25-30/mt towards the end of February, to $675-685/mt CFR for HRC and to $775/mt CFR for CRC.