Trade Resources Economy Russian Mills Are Trying to Keep HR and CR Prices Flat for November

Russian Mills Are Trying to Keep HR and CR Prices Flat for November

Russian mills are trying to keep their domestic prices for hot rolled and cold rolled steel products flat for November. The stoppages of several rolling mills and pickling lines for repairs caused the supply reducing, so the makers think the prices can be held remain same. However, some traders still hope to down US$10/ton off for HR sheet price. At present, the prices for hot rolled sheet with thickness of 2mm HR sheet and cold rolled sheet with thickness of 1.5mm are at US$737~US$740/ton and US$676~US$679/ton respectively in central Russia in November.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66885&division=A2
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Russian Mills Seek to Keep HR and CR Prices Flat for November
Topics: Construction