RUSSIA FLAT STEEL: Prices steady on limited supply

Domestic prices for flat steel products in Russia’s Central Federal District around Moscow were stable or slightly higher in the week to Tuesday June 1, despite shaky sentiment concerning exports, with prices supported by short availability, Fastmarkets has heard.

Hot-rolled sheet
Offers for June-rolling hot-rolled (HR) sheet from Magnitogorsk Iron & Steel Works (MMK) were heard at 105,000 roubles ($1,430) per tonne, but several sources said that the mill had already run out of volumes to sell.

Severstal was offering HR sheet to traders at 104,000 roubles per tonne, while one stockist reported an HR sheet offer from Novolipetsk Steel (NLMK)...


Julia Bolotova

June 01, 2021

14:15 GMT