Certain producers facing sanctions have started to target foreign markets, while others maintain a focus on domestic distribution and trade within neighboring CIS countries. Recently, Russian HRC produced in August was priced around $550‑555/t FOB Black Sea, a slight rise from $547/t the previous week. However, sources within the market suggest that suppliers may be willing to offer discounts of $10‑15 per ton to attract buyers, demonstrating flexibility in pricing strategies.
In the global market, Chinese sellers are offering HRC at $510‑520/t FOB, while Turkish buyers have indicated a ceiling price of $560/t CFR which is $540/t FOB Black Sea. This pricing pressure is prompting Russian suppliers to seek a middle ground to remain competitive.
Sub-sanctioned suppliers are cautiously entering the international market with smaller volumes, aiming to trade at around $580/t CFR. Their primary targets include Uzbekistan, Kazakhstan, and other Central Asian nations, in addition to sustaining sales to Armenia and Azerbaijan.
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