Buying activity in the region slowed, partially affected by a weaker export market and unclear sentiment.
A new spike in the numbers of Covid-19 cases in the region, and the so-called “long weekend” announced by Moscow’s authorities for June 15-19, had little effect on steel market activity, however, according to sources.
“Only non-essential businesses were ordered to close. We continued to operate as usual,” one trader said.
Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic,...