RUSSIA FLAT STEEL: Market stable but trend hangs on export prices

The market for flat steel products in Russia’s Central Federal District around Moscow was stable at the start of this week, with price movement depending on trends in the export market, sources told Fastmarkets on Monday May 20.

Fastmarkets’ weekly price assessment for Russia-origin 4mm hot-rolled (HR) sheet was unchanged on May 20 at 43,000-44,500 roubles ($664-687) per tonne cpt Moscow, including 20% VAT. “For the moment, nothing has changed in the [domestic] market. First, mills will figure out which way the export market will turn, and only after that will they offer a price to [local traders],” one trader told Fastmarkets. Mills were keeping prices for stockists at 44,500 roubles per tonne cpt Moscow, sources said, although traders said...

Published

Marina Shulga

May 20, 2019

17:05 GMT

Dnepr