The market for hot-rolled and cold-rolled steel sheet in Russia's Central Federal District around Moscow has remained weak despite mill expectations of an improvement in demand after an explosion at Kazakhstan's ArcelorMittal Temirtau.
ArcelorMittal Temirtau, which is is the largest supplier of imported flat steel products in Russia, partly suspended operations on Saturday November 10 after an explosion in a gas pipeline. Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet remained at 40,000-41,000 roubles ($606-621) per tonne cpt Moscow on Monday November 19, including 18% VAT. "Mills were speculating that the price would increase after the...