Russian mills to increase HR and CR prices for Europe

It is reported that main flat products suppliers in Europe are all announcing new price increase, mainly on HR, but generally on all products range.

Mainly Russian producers are expected to increase prices next week to a new level that should be around USD 380 per tonne to USD 390 per tonne FOB for HR and USD 425 per tonne to USD 440 per tonne for CR.

However customers are still bidding at lower level, still around EUR 300 per tonne for HR and EUR 360 per tonne for CR.

May 11, 2009 10:55
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