Domestic flat steel prices in Russia's Central Federal District around Moscow were largely flat over the week to November 9, despite producers' attempts to push for increases and a slow secondary market demand blocking that rise, sources told Fastmarkets on Monday.
Hot-rolled sheet
Fastmarkets' weekly price assessment for
steel hot-rolled sheet, domestic, cpt Moscow, Russia remained at 43,000-44,000 roubles ($555-568) per tonne including 20% value-added tax on Monday, unchanged week on week.
In dollar terms, however, the price has increased due to the strengthening of the exchange rate value of the Russian rouble.
The US dollar was trading at 77.38 roubles to $1 on November 9 while on November 2, 79.37 roubles was equivalent to $1, according to Oanda.com.
On November 9, the dollar price for HR sheet was $555-568 per tonne cpt...