Steel mills announced price increases for November-delivery hot-rolled sheet and heavy plate in Russia's Central District around Moscow on Monday October 11, but are likely to face stiff opposition from buyers, sources told Fastmarkets this week.
Market participants said they doubted that such fast rates of increase could be absorbed by the market, especially considering the onset of the off season for demand, which runs from November to March, and the already-sufficient stock levels at distributors.Certain...