RUSSIA FLAT STEEL: Mills reduce prices for December, but prepare January increase

Suppliers of hot-rolled and cold-rolled steel sheet to Russia's Central Federal District around Moscow have reduced their prices for December, but intend to put them back up for January, sources told Fastmarkets on Monday December 2.

Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 39,000-39,500 roubles ($606-614) per tonne on December 2, including 20% VAT, narrowing downward from 39,000-40,000 roubles per tonne a week earlier.
Official HR sheet prices from mills were heard to reduce to 39,500 per tonne cpt for December, while the latest prices for November were heard at 40,000 roubles per tonne cpt.

But the...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue