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| 18 Mar | Russian HRC heads towards $700/t fob in April |
| Over the past month Russian hot-rolled steel exports have risen by more than $50/t as rising costs of raw materials drive steel pricing levels higher. They are firming despite sluggish market demand and a fear among traders that the second quarter may see a surplus of offers with a dwindling number of takers. |
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| 18 Mar | Erdemir's galvanised price fall 'strategic' |
| Still no export allocations from Erdemir, Turkey's only integrated flat steel producer, as the domestic demand absorbs current production. In line with other flats markets, the steelmaker announced on 8 March increases in its HR and CR coil prices, while dropping the base price of its galvanised commercial quality material by $30/t. |
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| 17 Mar | Turkish scrap buying is kept low key |
| Turkish scrap buying has continued steadily but at low levels with a few cargoes booked in the past two weeks as scrap prices harden. Mills may now hold off to assess longs demand before making more purchases. |
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| 16 Mar | Hyundai leads in raising section prices |
| South Korea’s Hyundai Steel has raised its section export prices by around 10%, to $70/t to $80/t, for April and May shipments, citing a hefty increase in raw material prices and strong demand in the Chinese and the Middle East markets. |
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