Russian flat-steel producers keep offers for February-rolled material high despite low demand due to a possible price reduction for March-rolled products.
Metal Bulletin's price assessment for Russian 4mm hot-rolled (HR) steel sheet increased to 42,500-43,000 roubles ($748-757) per tonne cpt Moscow, including value-added tax, on February 5 from 41,700-42,500 roubles per tonne cpt Moscow a week earlier."We are not buying, prices are too high," a stockist told Metal Bulletin. Mills are expected to announce...