Market participants said they expected to see even higher prices by May.
Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia
increased to 75,000-77,000 roubles ($982-1,008) per tonne on Monday, including 20% value-added tax, up from 69,000-70,000 roubles per tonne.
The official April domestic offer price for HR sheet from local producer Novolipetsk Steel (NLMK) was 78,000 roubles per tonne for traders, sources said.
However, they added that the workable price level around 75,000-77,000 roubles per tonne.
At the same time, buyers were not excluding the prospect of...