RUSSIA FLAT STEEL: Market inactive on low end-user demand

The market for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia’s Central Federal District around Moscow remained inactive in the week ended January 21 due to seasonally weak end-user demand.

Fastmarkets’ weekly price assessment for Russia-origin 4mm HR sheet was at 39,200-40,000 roubles ($588-600) per tonne cpt Moscow on Monday January 21, including 20% VAT, slightly widening upward from 39,200-39,960 roubles per tonne cpt a week before. “We have purchased everything we needed in late December, after this we have a 30-45-day delay before the next purchase. That is why our next deals will be in early February, for the moment we do not know where the market will turn,” one stockist told...

Published

Marina Shulga

January 22, 2019

12:42 GMT

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