Principal hot-rolled (HR) and cold-rolled (CR) steel sheet suppliers to Russia's central region, around Moscow, have again cut offers to spark sales.
Metal Bulletin's weekly assessment of Russia-origin 4mm HR sheet prices to 42,800-42,980 roubles ($679-682) per tonne cpt Moscow on Monday July 9, including VAT, from 43,700-43,900 roubles a week before, considering the 1,000 roubles-per-tonne bonus. "Last week we bought everything we needed from stocks after mills had offered bonuses to us," one stockist told Metal Bulletin. "But this week mills cut prices again to stimulate us to buy more," he added. Severstal reduced its HR sheet prices for stockists to...