RUSSIA FLAT STEEL: Further price reductions unlikely despite weak demand

Hot-rolled (HR) and cold-rolled (CR) steel sheet suppliers to Russia’s central region around Moscow have not cut their prices further this week despite low levels of demand.

“Demand has not improved yet after the end of the World Cup [football tournament finals], but mills will not cut prices further,” a steel trader in Russia told Metal Bulletin. “Moreover, they are not offering bonuses for material supplied in July, although we have purchased from stocks almost all the tonnages that were...

Published

Marina Shulga

July 24, 2018

14:35 GMT

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