Russia: Domestic Prices of Coated Flats unchanged  by Cherepovets Steel

Russia based leading steel manufacture Cherepovets Steel Mill has kept their coated flat's domestic prices unchanged for August '13.

A good volume of material has been sold to the major consumers at July price and discounts has also been offered for the same.

As coated flat buyers are starting to optimize their stocks forth the off-season, Cherepovets Steel Mill will probably be able to keep utilization rates at its HDG and PPGI lines high in August attracting buyers with reduced prices.

Cherepovets Steel Mill: domestic prices for coated coils in August*

(USD/MT, USD 1 = RUB 32.837; excluding 18% VAT; batches over 2,000/MT; prepaid; EXW) 

* – according to market players, to the Central Federal District, including commercial discounts.