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Ukrainian flat products unable to cut ice in Mediterranean market- 19 Jun 11

HRC from Ukraine are offered at USD 670 per tonne FOB for August delivery, while HR Sheets are USD 20 per tonne higher at USD 690 per tonne FOB. 
The CFR FO price works out to about USD 710 to 720 per tonne at Mediterranean Sea, i.e. EUR 505 per tonne to EUR 515 per tonne which is however not enough to attract buyers. 
The gap with domestic prices is not alluring for the quality the buyers familiar with Ukrainian HRC are bidding at EUR 470 per tonne to EUR 480 per tonne CFR FO.

( Source: www.steelguru.com )

Jun 19, 2011 08:51
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