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PRICING NOTICE: Change to Russian domestic price basis from exw to cpt

Following market consultation, Steel First has decided to change the pricing basis for its weekly Russian domestic rebar, hot rolled and cold rolled prices from ex-works (exw) to carriage paid to (cpt), including VAT.

August 19, 2013
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This will better reflect common pricing in the market.

The ex-works price series for the three products will be discontinued and three new cpt price series will be introduced from Monday September 2.

For hot rolled and cold rolled products, Steel First will assess sheet rather than coil from September 2, to reflect the most commonly traded product specification in the market.

For queries, please contact regional editor Nadia Popova at npopova@steelfirst.com.