The domestic flat steel market in Russia’s central federal district around Moscow was quiet after the break for the New Year holidays, but with a continued positive sentiment supported by bullish exports, sources told Fastmarkets on Monday, January 11.
Hot rolled sheet
Fastmarkets’ weekly price assessment for hot-rolled (HR) steel plate, domestic, cpt Moscow, Russia, rose to 60,500-62,000 rubles ($816-837) per ton including 20% VAT on Monday, up from 58,000 rubles per ton in the previous two assessments.
Just before the holidays, Severstal raised its HR plate price for stockholders to 60,500 rubles per tonne cpt Moscow for January. Material from MMK, however, was reportedly available at 62,000 rubles per tonne cpt Moscow.
Traders who have stockholding contracts with steel mills will receive material…
Source: metalbulletin.com
Steelnews.biz constantly searches the Internet for important, interesting and informative news.
Are you missing an information, do you have a question or are you interested that we refer to a certain article or press release of Steelnews.biz? Then simply contact us now.
We always try to refer to the correct source of a news item.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
