Geopolitical tensions weaken rouble, offset Russian domestic plate price increase

Hot-rolled and cold-rolled sheet prices were stable in the Central Federal District around Moscow on Monday January 24, sources told Fastmarkets.

Despite normally weak demand in winter, there was no pressure on prices from excess supply stemming from the modernization of equipment at Novolipetsk Steel (NLMK), Severstal and Magnitogorsk Iron &...

Published

Elina Virchenko

January 24, 2022

21:13 GMT

Dubai, United Arab Emirates