RUSSIA FLAT STEEL: High prices, low demand keep traders on sidelines

Trading companies in Russia are not interested in buying hot-rolled (HR) and cold-rolled (CR) sheet steel because the high prices do not reflect the low demand in the secondary market.

“We don’t see strong demand from end users, [so] we are not ready to accept high offers - we are waiting for lower prices,” a trader told Metal Bulletin. Metal Bulletin’s price assessment for Russian 4mm hot-rolled (HR) steel sheet was 42,000-43,000 roubles ($724-741) per tonne cpt Moscow, including VAT, on Monday February 12, compared with 42,500-43,000 roubles per tonne cpt Moscow...


Marina Shulga

February 13, 2018

17:01 GMT