The situation of world steel markets in the early days of the New Year Rise of the US House to impeach Trump RUSSIAN REBAR : Market slow after holidays; sources expect prices to rise RUSSIAN FLAT STEEL : Prices set to move higher after holidays Currency and gold prices fall after the recent US developments
The domestic rebar market in Russia was calm in the week ending January 11, and market activity has been slowly improving since the holidays.
The domestic flat steel market in central Russia around Moscow calmed down after the New Year holidays.
The CIS billet export market is quiet this week and most manufacturers are on holiday.
The market for exports of long steel products from CIS countries has been calm in the week ending January 4.
The Russian government is considering export duties on rebar and billets to counter the sharp rise in domestic prices.
Bids on the market for exports of long steel products from CIS countries rose in the week ending December 21.
The price of the CIS export ticket through the Black Sea continues to rise on December 22.
Turkey continues to be the main driver of price growth in the CIS export billet market, given that buyers are mainly interested in buying semi-finished products.
Domestic rebar producers in Moscow have withdrawn their bids for January, as prices are expected to rise further.
Domestic suppliers of flat steel around Moscow were up in the week ending December 21.