RUSSIA FLAT STEEL: Traders holding back despite rise in demand

Steel traders in the central region of Russia, around Moscow, have not resumed active purchasing of hot-rolled (HR) and cold-rolled (CR) sheet this week despite a gradual demand improvement in the secondary market, Metal Bulletin has been told.

“We see some seasonal demand improvement but now we are selling material that was purchased earlier this year, when prices were lower,” a trader told Metal Bulletin. He added that he now purchases only small tonnages to replenish depleted stocks of some types of material.

Metal Bulletin’s weekly assessment of the price for Russian 4mm HR sheet was 42,500-45,000 roubles ($744-787) cpt Moscow, including VAT, on Monday...

Published

Marina Shulga

March 27, 2018

13:58 GMT

Dnepr