Domestic flat steel prices in Russia's Central Federal District around Moscow continued to rise in the week to Tuesday December 29 due to a shortage of material, strong export market prices and higher buying activity, sources told Fastmarkets.
Hot-rolled sheet
Fastmarkets' weekly price assessment for
steel hot-rolled (HR) sheet, domestic, cpt Moscow, Russia was 58,000 roubles ($785) per tonne including 20% value-added tax on Monday, narrowing upward from 55,500-58,000 roubles per tonne a week earlier and at a Fastmarkets' record high.
One stockist said his purchase price for January HR sheet was 58,000 roubles per tonne, up from 55,000 roubles per tonne paid for December tonnages previously.
Traders that have stocking agreements with steel mills receive material into...