Key suppliers of hot rolled (HR) and cold rolled (CR) steel sheet to Russia's Central region around Moscow have reduced their prices because of the weak secondary market, Metal Bulletin was told this week.
Metal Bulletin's weekly assessment of the price for Russia-origin 4mm HR sheet was 44,700-44,900 roubles ($711-714) per tonne cpt Moscow on Wednesday June 13, including VAT. This was down from 46,100-46,200 roubles per tonne a week ago.Severstal, one of two major flat steel suppliers to the Central region, cut its offers for stockists to 44,900 roubles per tonne, from 46,200 roubles per tonne in early June. In late May, offers from the...