RUSSIA FLAT STEEL: Domestic prices keep rising, tracking higher exports

Flat steel prices in Russia's Central Federal District around Moscow continued to increase over the past seven days, supported by a strong export market and good demand, sources told Fastmarkets on Monday April 26.

Hot-rolled sheet
Hot-rolled sheet offer prices for May from Severstal were heard at 92,000 roubles ($1,228) per tonne for stockists, the same as last week.
Other key suppliers to the region, Novolipietsk Steel (NLMK) and Magnitogorsk Iron & Steel Works (MMK), have yet to issue firm offers for May.
But one source said that the current purchase prices for NLMK's coil for stockists was 92,000 roubles per tonne.

Traders that have stocking agreements with steel mills receive material into stock without payment and can then buy agreed tonnages from the stocks they hold at any...

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