Press releases

Russian coil exporters see prices bottoming - 12 December 2011

Russian coils export prices
September 2011 - January 2012

©SBB 2011


Sep 11

Oct 11

Nov 11

Dec 11

Jan 12*


 700 - 715 

 640 - 650 

 580 - 620 

 580 - 610 

 580 - 610 


 810 - 850 

 740 - 750 

 685 - 710 

 670 - 690 

 670 - 690 

* SBB forecast, except announced surcharges

Russian hot and cold rolled coil exporters believe prices have bottomed, citing renewed buying interest and other fundamentals as positives. US longs, scrap and flats price increases and stable spot iron ore costs are all indicators coil prices are ready to rebound, they say.

Sentiment has changed from a little while ago, with buyers now making fewer attempts to lower market prices, according to a source close to MMK. Instead they are more willing to accept the offers on the table; this is slowly translating into higher trading volumes with demand coming from all the traditional export destinations, although with varying activity.

Although major price hikes are unlikely in January and February, a $5-10/tonne increase is probable, an NLMK source says. As January volumes of HRC and CRC sold out a while ago, the mill is currently not in the market, sources tell Steel Business Briefing.

MMK is offering January production, with volumes roughly at the same level as December. The mill is producing around 820,000 tonnes/month of finished steel products, over a third of which are sold domestically. HRC export allocations are up to 200,000t, SBB understands.

Severstal is about to come out with January coils offers, offering from the Baltic Sea. Sources close to the mill say there is a good chance recent US coil price hikes will elevate Russian export sales to higher levels.

Offers and concluded prices range between $580/t (€433/t) and $600/t fob Black Sea for HRC and $70-80/t more for cold rolled, SBB's sources confirm.


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