RUSSIA FLAT STEEL: Bullish suppliers push up HR sheet price

The hot-rolled sheet market in Russia's Central Federal district around Moscow increased in the week to Monday July 27 after bullish suppliers showed their intention to increase prices on expectations of better demand in August.

Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia was 41,000-42,000 roubles ($572.95-586.82) per tonne including 20% VAT on Monday, narrowing upward from 40,000-42,000 roubles per tonne last week.

"Demand goes up, and suppliers see this and try to increase prices," one trader said. "We expect that demand will peak...

Published

Marina Shulga

July 28, 2020

16:46 GMT

Dnepr