RUSSIA FLAT STEEL: Market stable on seasonally good demand

The market for flat steel products in Russia’s Central Federal District around Moscow was stable on seasonally good demand, sources told Fastmarkets on Monday June 10.

Fastmarkets’ weekly price assessment for Russia-origin 4mm hot-rolled (HR) sheet was unchanged on June 10 at 43,000-44,500 roubles ($664-687) per tonne cpt Moscow, including 20% VAT. “The local market is seasonally good now, but not good enough to encourage mills to increase prices. Demand is normal for this time of year, without any extraordinary strong hikes in buying activity,” one trader said. Construction, the key steel consuming sector in Russia, starts to recover in late March and slows down in late autumn and winter...

Published

Marina Shulga

June 11, 2019

11:33 GMT

Dnepr