Ukrainian mills are reported to have sold the entire July production of HRC at an average price of USD 670 per tonne CPT or USD 685 per tonne Fob Black Sea.
Considering USD 35 per tonne freight it works out to USD 715 per tonne CFR FO Mediterranean port or EUR 495 per tonne to EUR 505 per tonne which translated into selling prices ranging EUR 510 per tonne to EUR 520 per tonne CIFFO 90 days credit.
The pressure continues on these levels with buyers bidding at around EUR 470 per tonne to EUR 480 per tonne.
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( Source: www.steelguru.com )