Russian producers have announced increasing prices for hot- and cold-rolled steel sheet from February production for domestic buyers, citing high prices and demand in the export market.
"It was predictable that mills would increase prices, because we are seeing rising export prices and a strong market for [steel] slab," a trader told Metal Bulletin.Metal Bulletin's price assessment for Russian 4mm hot-rolled sheet went up to 42,000-42,500 roubles ($740-749) per tonne cpt Moscow, including value-added tax, on Monday January 15. That was a week-on-week increase...