RUSSIA FLAT STEEL: Weak demand pushes prices lower

Seasonally weak demand in Russia’s Central Federal District around Moscow has pushed prices for hot-rolled and cold-rolled steel sheet lower, sources told Fastmarkets on Monday November 18.

Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 39,000-40,000 roubles ($611-627) per tonne on November 18, including 20% VAT. This was down from 39,500-41,000 roubles per tonne a week earlier.
Official HR sheet prices from mills for non-stockists were heard to drop to 40,000 roubles per tonne cpt Moscow.
The lowest prices for stockists were heard at 41,000 roubles per tonne cpt, although that level was for purchases in October; no prices have been heard agreed for November yet.


Marina Shulga

November 19, 2019

14:35 GMT