Russian HR steel sheet prices nudge upward on low availability despite weak winter demand

Russian steelmaker Severstal raised its prices for February-shipment hot-rolled steel sheet for customers in the Central Federal District around Moscow on Monday January 17, and other Russian producers were expected to follow suit.

Despite slow activity and weak demand in winter, the price rise was possible because supplies of HR sheet were limited by maintenance work at various producers, sources told Fastmarkets.



Elina Virchenko

January 19, 2022

13:03 GMT