Steel traders in the central region of Russia, around Moscow, have held back from the markets in the past week and have not accepted higher offers for April-production hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has been told.
Metal Bulletin's weekly assessment of the price for Russian 4mm HR sheet was unchanged at 43,000-45,000 roubles ($747-782) cpt Moscow, including VAT, on Monday March 19.But in US dollar terms, prices have decreased from $759-794 per tonne cpt Moscow on March 19 because of the weaker rouble.For stockists, April-rolled HR sheet was available at 44,000 roubles per tonne.Traders which have stocking agreements with steelmakers can buy...