Russian export HRC prices fall on lower offers from MMK

Hot-rolled coil export prices from Russia fell in the week to Monday March 20 after Magnitogorsk Iron & Steel Works (MMK) reappeared in the market after a long absence with lower offer prices.

Fastmarkets’ price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $720-780 per tonne on Monday, down from $770-790 per tonne a week earlier.

MMK was offering HRC...

Published

Marina Shulga

March 21, 2023

16:38 GMT

Dnipro