RUSSIA FLAT STEEL: Market broadly stable as sentiment cools

June 22, 2021 / www.metalbulletin.com / Article Link

The domestic market for flat steel in Russia's Central Federal District around Moscow was largely stable in the week to Monday June 21, with most sources expecting either a rollover or even a downward correction in the short term, Fastmarkets heard.

Buying activity in the region slowed, partially affected by a weaker export market and unclear sentiment.
A new spike in the numbers of Covid-19 cases in the region, and the so-called "long weekend" announced by Moscow's authorities for June 15-19, had little effect on steel market activity, however, according to sources.
"Only non-essential businesses were ordered to close. We continued to operate as usual," one trader said.
Hot-rolled sheet

Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic,...

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