Russian flat steel product prices stable on lull in activity over holidays

Russian flat steel product prices were unchanged during the 13 days to Monday January 10 on a lull in trading activity during the holidays and no sign of changes.

In dollar terms, however, the price decreased by $25 per tonne due to the weakened exchange rate value of the Russian rouble.
Following the country's official holidays period from January 1-9, there were no signs of changes in the both primary and secondary markets, according to market participants.
"Nobody is calling, neither mills with price updates nor customers asking for discounts," one large stockist told Fastmarkets, highlighting the lack of activity in the market.
"It will take another week to assess the situation with demand and prices, since many people are still on holiday and [the] market is quiet," he said.

All key flat steel producers...

Published

Elina Virchenko

January 10, 2022

21:42 GMT

Dubai, United Arab Emirates