Russian HR and CR sheet market quiet as traders reject higher offers

The domestic market for hot rolled (HR) and cold rolled (CR) sheet steel in Russia was calm this week, with traders rejecting higher offers as the country's construction season draws to a close and demand decreases.

“We anticipate that mills will revise November-rolled material prices for us at the end of the month,” a stockist trader told Metal Bulletin.   A significant part of the steel trade in the Moscow region is done by traders with stocking agreements with steelmakers, allowing them to purchase material on...


Marina Shulga

October 24, 2017

15:27 GMT