Press releases

Ukraine's Metinvest drops Ilyich HRC price to $610/t fob - 14 October 2011

The price has been set taking into consideration current market dynamics, but will not be lowered any further in order to gain sales, the company tells Steel Business Briefing.

"With regard to future plans, and taking into account the current situation in the market, we are prepared to consider reducing the output at our Ilyich Steel Works, but there will be no further price reductions," a company representative affirmed.

The company says November order books for cold rolled and galvanised coils are filling up as usual, with the majority of materials being sold to domestic and neighbouring markets. "The situation for these products sales is good – there is a good flow of orders," Metinvest says.


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