No decline in prices expected

摘要

In October, Russian producers have announced a 1-2% advance in domestic prices for HR sheets. Their lower limit has been kept unchanged though, individual discounts being still granted to large companies taking up nearly 60% of traders. market. The situation in export markets is still the key factor determining domestic pricing. Export quotations began sliding down in mid-September to gather momentum in October. So, November rolling of coils is available at no more than $655-665/t FOB Black Sea now. Hence, Russian suppliers have lost a weighty argument in favour of a price rise at negotiations with traders . a month earlier, domestic prices were $25- 40/t below export ones, the stronger national currency and mark-downs in foreign markets have made domestic sales of November HR sheet more profitable than exports.