Russian domestic flat steel prices keep rising on limited supply

November 10, 2021 / www.metalbulletin.com / Article Link

Prices for flat steel products continued to increase in Russia's Central Federal District around Moscow during the quiet holiday week ended Monday November 8, on limited offers from the mills, sources have told Fastmarkets.

Some believed that prices have reached their peak and would remain flat until the end of the year, due to rumors about planned short-term maintenance stoppages at mills and the resultant reduced supply.
Hot-rolled sheet
Fastmarkets' weekly price assessment for steel hot-rolled (HR) sheet, domestic, cpt Moscow, Russia, was 76,000 roubles ($1,065) per tonne on Monday, inclusive of 20% value-added tax, narrowing upward by 4,000 roubles per tonne from 72,000-76,000 roubles per tonne cpt a week earlier.

A limited quantity...

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