Demand in the secondary market remained low, however, which meant that there was little support for any price rises.
Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia
, was 43,000-44,000 roubles ($580-593) per tonne on March 16, including 20% VAT. This was up from 42,000-43,000 roubles per tonne a week before.
In dollar terms, despite the increased offers in roubles, the price was largely stable over the week, due to the softening of the exchange-rate value of the Russian currency.