RUSSIA FLAT STEEL: Shortage fears may push up prices

Hot-rolled (HR) and cold-rolled (CR) steel sheet prices in Russia’s Central Federal District around Moscow may increase on talk of reduced availability, sources told Fastmarkets on Monday January 28.

“Mills say they can [only offer stockists] tonnages already held in stock [by traders], citing that March-rolled flats was sold out and unavailable for the free market,” one large stockist told Fastmarkets. Traders that have stocking agreements with steel mills receive material into stock without payment, and can buy agreed tonnages from the stocks they hold at any time during a...

Published

Marina Shulga

January 29, 2019

17:24 GMT

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