RUSSIA FLAT STEEL: Market expects further price growth on increased exports

Russian producers have significantly increased their prices for hot- and cold-rolled steel sheet from January production for domestic buyers, amid favorable export market sentiment.

Buyers also expect that this week mills will increase their prices again, when they start offering February-rolled material.
“I suppose we will see another 4-5% price increase soon, because mills say that they are exporting a lot,” a trader told Metal Bulletin.

Metal Bulletin’s price assessment...


Marina Shulga

January 15, 2018

20:00 GMT