In 2018, the company cut exports by 15% year-on-year, to 2.38 million tonnes. Among this tonnage, around 1.95 million tonnes, or 82%, was related to shipments of hot-rolled coil (HRC), a source inside the company told Fastmarkets.
Fastmarkets’ weekly price assessment for CIS-origin exports of HRC was stable week on week at $445-465 per tonne fob Black Sea on January 28.
In 2018, the average price assessment was $550.57 per tonne fob Black Sea, up from $505.29 per tonne in 2017.
In 2018, MMK shipped 9.03 million tonnes of finished steel products to the home market. That was 5.9% more than in 2017, when local sales totaled 8.53 million tonnes.