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The Russian flat steel market remains stable

The Russian flat steel market is still stable, and metallurgists have confirmed that most of the assortment's selling prices will remain the same in July.

The Russian flat steel market remains stable

It is anticipated that the majority of the products' selling prices will remain the same in July. Only the highly sought-after rolled products with coatings are expected to see price increases. The pipe market is also activating with a further forecast for the expansion of the same demand.

As for the external environment, the situation in Russian metallurgical companies is unfavorable. In Turkey, there is a passivity, as interest rates are expected to increase for local central banks. Due to the lower price of Chinese and Vietnamese products, steel mills in other parts of the country are facing competition. Therefore, export volumes are reduced, which is why products are sent to the domestic market.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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