Ukrainian steelmaker Ilyich sold hot rolled coils at $545-550/mt CFR Turkey for August and mid-September shipments. Whether the new offer at the level of $555/mt given by the producer will turn into a booking will be determined in the coming days by the supply-demand balance.
Russian steelmaker MMK is offering hot rolled coils at $615/mt CFR Turkey for September/October shipments. On the other hand, the producer is offering cold rolled coils at $675/mt CFR Turkey, also for September/October shipments. The mill's offer levels for Turkey have maintained the same levels as for late August shipments. However, sales of hot rolled coils may be concluded at around $600/mt CFR.
Another Russian steelmaker Severstal is offering hot rolled coils at $635/mt CFR Turkey for mid-October shipments. On the other hand, the producer is offering cold rolled coils at $705/mt CFR Turkey, also for mid-October shipments. However, the producer has limited tonnage for cold rolled coils to be shipped during the subject period.
Hot rolled coils ex-Kremikovtzi mill of Bulgaria are being offered at $625/mt CFR Turkey for October shipments. The producer has sold hot rolled coils at $610/mt CFR Turkey and $620/mt CFR Turkey, for August and September shipments respectively. However, in the light of the rising price trend, we will see whether or not any sale at the level of $625/mt CFR Turkey will be concluded in the days ahead.
While Ukrainian producer Donetsk is offering St 37 plates at $655-660/mt CFR Turkey for early August shipments, it is heard that actual sales are being concluded at $655/mt CFR Turkey. Two other Ukrainian steelmakers, Ilyich and Alchevsk, are offering A grade shipbuilding plates at $715-720/mt for early October shipments. On the other hand, the same mills are offering St 37 commercial grade plates at $685-690/mt CFR Turkey.
The market level of Iranian and Libyan origin hot rolled coils in the local Italian market is the same as compared to last week. While the price of Libyan origin hot rolled coils is at €485-490/mt FOT Italy, the price of Iranian origin hot rolled coils is at €495-500/mt FOT Italy. On the other hand, the price of hot rolled coils ex-Ilva mill of Italy is at €500-510/mt FOT for prime quality 2 mm material.
Q195 grade 350 mm-wide galvanized narrow strips with 100 gr/m² coating, produced from Chinese origin billets, are being sold at $770-780/mt CNF Turkey for 0.9-2.00 mm thicknesses, at $860-870/mt CNF Turkey for 0.5 mm thickness and $900-910/mt CNF Turkey for 0.3 mm thickness. The above prices are effective for August shipments with shipment times ranging between 45 to 60 days.