An exception was steel heavy plate, for which a price increase was supported by limited supply from the mills.
At the end of November, some producers offered material to traders for December delivery without a specific price. Those traders booked smaller volumes than expected, covering only their minimal monthly requirements, or preferred to skip purchasing due to the uncertainty of price developments in the near term, sources told Fastmarkets.
Amid this lower demand, the higher December prices for HR and CR sheet were not achieved, and values instead remained close to those at the end of November.
Hot rolled sheet
Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 76,000-77,000 roubles ($1,027-1,041) per tonne on Monday, inclusive of 20%...