Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia
, was 44,000-45,500 roubles ($550-569) per tonne on March 23, including 20% VAT. This was up from 43,000-44,000 roubles per tonne a week before.
In dollar terms, despite the increased offers in roubles, the price nosedived due to the softening of the exchange-rate value of the Russian currency.
On March 23, the dollar price for HR sheet was $550-569 per tonne cpt Moscow, compared with $581-594 per tonne on March 16.
The US dollar was trading at $1 to 80.03 roubles on...