Erdemir export offers for July 2008 production - 03 Jul, 2008
It is reported that after being absent from the export market for a number of months, Erdemir organized an export tender for July 2008 output. It had set a base price of USD 1120 per tonne FOB for HR coil and USD 1150 per tonne for CR coil but only small volumes to Italy and central Europe were sold.
As per report, with some weakness in the domestic construction market as well as the arrival of Isdemir output later in Q3, Erdemir will be a more active supplier to the export market for the rest of the year and may have to be more aggressive in its discounting.
