As reported in previous weeks, after the CIS producers completed their August shipment bookings, Ilyich products and over-rolling materials began to be mentioned in the Turkish flat rolled market. In particular, Ilyich prices may exceed $555/mt CFR Turkey level during the coming week. However, the level of real sales by Ilyich will become obvious in the weeks ahead when the Russian prices are announced.
Ukrainian steelmaker Ilyich continues to sell its hot rolled coils to Turkey at $545-550/mt CFR Turkey for August shipments. This price range is expected to reach $555/mt CFR level soon. Ilyich's cold rolled coil offers are at $630-635/mt CFR Turkey for August shipments. Sales are expected to be concluded in this price range.
Russian steelmaker MMK is due to announce its hot and cold rolled coil prices for September shipments for Turkey soon. MMK's August shipment sales for hot rolled coils were concluded at $605-615/mt CFR Turkey. Russian steelmaker Severstal is likewise expected to announce its prices soon.
Bulgarian steelmaker Kremikovtzi, which has completed its order book for August, is reported to have concluded sales at $610/mt CIF FO for September shipments, while offers for early October are at $610-615/mt CIF FO Turkey.
Ilyich production flat rolled products were sold from Jordan to Syria at the following levels: prime quality hot rolled coils at $555-560/mt CFR Syria, 5-30 mm over-rolling quality St 37 plate ex-Ilyich at $575-580/mt CFR Syria.
In the southern European market, Libyan origin prime quality hot rolled coils are at €485-490/mt FOT Italy while Iranian origin prime quality hot rolled coils are at €495-500/mt FOT Italy. These levels have remained unchanged for two weeks now. Iranian hot rolled tender prices for Italy are in an upward trend. The tender price of Iranian origin hot rolled coils in Italy is at €490-495/mt CIF for September shipments. The previous tender price level was at €485-490/mt CIF Italy.