Iranian import HRC, CRC prices keep rising on higher Russia offers

Prices for imported hot rolled (HRC) and cold rolled coil (CRC) in Iran continued to increase over the week ended Wednesday September 13 as Russian suppliers announced higher offers.

Their bullish mood was spurred by the continuing upward price trend in China, where export prices have risen by $20-30 per tonne over the past week. CIS flat steel suppliers revised their prices accordingly for all export markets. Hot rolled coil In particular, in Iran, new offers of HRC from Russia’s Magnitogorsk Iron & Steel Works (MMK) were heard at €500-510 ($598-610) per tonne fob Astrakhan. The estimated cost of freight to the...

Published

Vlada Novokreshchenova

September 13, 2017

16:04 GMT

Dnepr