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Russian and Ukrainian consumers reject higher HRC export offers

February 21, 2011 - 13:50 GMT Location: London

KEYWORDS: CIS , Russia , MMK , Severstal , Ukraine , Zaporizhstal , HRC , export

CIS mills have yet to conclude export deals on hot rolled coil for March production as end users hesitate accepting higher offer prices, which have risen by as much as $100 per tonne month-on-month, Russian and Ukrainian market participants told MB. Russia’s Magnitogorsk Iron & Steel (MMK) was seeking $820-830 per tonne fob Black Sea for March rolling, up from the $720-730 for sold out February rolling

Russia’s Magnitogorsk Iron & Steel (MMK) was seeking $820-830 per tonne fob Black Sea for March rolling, up from the $720-730 for sold out February rolling. “I’ve not seen any positive reaction on this; nobody is really ready to...

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