“We are not buying either hot rolled sheet, or cold rolled sheet, or plate,” a source at a large trading company said.
“This is crazy. I don’t know how long will the producers be able to stand by their offers, but our customers don’t want to buy at these prices,” the trader source added.
Normally, steel product prices in Russia go down in winter due to reduced activity in the construction sector as a result of freezing temperatures.
However, due to the rally in coking coal prices and the subsequent rise in export prices...