September 07, 2008

Russian HRC and CRC prices may increase in 2008

YIEH reported that Russian domestic flat products price has slightly fallen due to Christmas holidays. The price of hot rolled plate and coil reduced to USD 634 to USD 700 per tonne and cold rolled product also down to USD 712 to USD 778 per tonne.

Market players hope the strong demand can lead the price to soar in January and February next year. In terms of export, the Russia steel market has performed more steadily as compared to last year. They estimate the market will be better even than this year.

It added that base on current market situation, steel products price will continue to rise in January and February 2008.