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...