Russian steel HR and CR sheet January prices up slightly, likely to stay flat on limited supply

Despite the seasonal slowdown, Russian mills slightly increased January hot-rolled and cold-rolled sheet prices during the nine days to Wednesday December 29, on the expectation that supply and demand would remain balanced on limited availability due to planned maintenance at major producers in early 2022.

Trading in the region during the reported period was reportedly slow due to the seasonal slowdown; sources expect the market to remain quiet until mid-January.
Hot-rolled sheet

Fastmarkets’ weekly price...


Elina Virchenko

December 30, 2021

17:38 GMT