RUSSIA FLAT STEEL: Prices set to move higher after holidays

The domestic flat steel market in Russia’s Central Federal District around Moscow was quiet after the break for New Year holidays, but with sentiment remaining upbeat supported by bullish exports, sources told Fastmarkets on Monday January 11.

Hot-rolled sheet
Fastmarkets’ weekly price assessment for steel hot-rolled (HR) sheet, domestic, cpt Moscow, Russia, increased on Monday to 60,500-62,000 roubles ($816-837) per tonne including 20% value-added tax, up from 58,000 roubles per tonne in the preceding two assessments.
Immediately before the holidays, Severstal increased its HR sheet price for stockists to 60,500 roubles per tonne cpt Moscow for January. Material from MMK, however, was heard to be available at 62,000 roubles per tonne cpt Moscow.

Traders that have stocking agreements with steel mills receive material...


Julia Bolotova

January 11, 2021

15:05 GMT