Domestic Russia flat steel suppliers District around Moscow were increasingly bullish in the week to Monday December 21 amid a rising export market and good buying activity, sources told Fastmarkets.
*** Russia flat steel , Hot-rolled sheet
Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia was 55,500-58,000 roubles ($755-789) per tonne including 20% value-added tax on Monday, up from 55,000-56,000 roubles per tonne a week earlier. The price is at a Fastmarkets record high and compares with 40,500-41,000 roubles per tonne on January 7,2020.
One stockist said his purchase price for December HR sheet was 55,500 roubles per tonne, up from 45,000 roubles per tonne paid for November tonnages.
Offers from Severstal, one of the key domestic suppliers, were heard at 58,500 roubles per tonne.
Traders that have stocking agreements with steel mills receive material into stock without payment and can then buy agreed tonnages from the stocks they hold at any time during a given period, at the price in effect at that time.
The price for non-stockists was 58,000 roubles per tonne for January material, sources said.
Trading activity in the region was reported to be good during the assessment week.
“Buyers struggle to secure tonnages for the first quarter, anticipating new price rises,” one trader said.
Strong exports was also supporting bullish sentiment in the domestic market.
Fastmarkets’ weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $710-720 per tonne on December 21, up by $20-35 per tonne from $675-700 per tonne on December 14. This price is at the highest since March 2011. The assessment started the year at $460-470 per tonne.
*** Russia flat steel , Cold-rolled sheet
Persistent shortage of CR sheet in the market was supporting prices at high levels, with the domestic Russia price hitting a new record high since Fastmarkets started assessing the market in 2013.
Fastmarkets’ weekly price assessment for steel cold-rolled sheet, domestic, cpt Moscow, Russia narrowed up to 65,500-66,000 roubles per tonne, from 65,000-66,000 roubles per tonne the week before. The price is up from 46,300-47,000 roubles per tonne at the start of the year.
Novolipetsk Steel (NLMK), one of the major suppliers to the region, increased offers for January CR sheet to 70,500 roubles per tonne from 65,000 roubles per tonne heard last week. But this price was not included in the assessment because buyers considered it too high.
Severstal was offering similar material at 66,000 roubles per tonne for January, up from 59,500 roubles per tonne for December.
*** Plate
Fastmarkets’ weekly price assessment for steel plate, domestic, cpt Moscow, Russia was 56,000 roubles per tonne on Monday, narrowing upward from 55,000-56,000 roubles per tonne on December 14. This follows a massive 24% jump the week before when the price rose from 44,500-45,000 roubles per tonne.
Steel plate was on offer from key steel supplier to the Moscow region, Magnitogorsk Iron & Steel Works (MMK), at 56,000 roubles per tonne, sources said, up from 45,000 roubles per tonne for December. Deals were heard concluded at that prices late last week.
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