Russia: domestic HRC prices will be stable in August to start rising in September

摘要

Producers of HR flats have managed to keep up prices for just a month.In July, Russian domestic prices have started approaching export ones.However, the gap is still significant.July export prices for HR flats are $550-570/t fob Black Sea. Having dropped5-6% in July, domestic prices are $60-80/t below export quotations now.For August, Russian mills have raised export prices by $10-15/t to $565-580/tfob Black Sea. According to Metal Expert.s forecast, the trend will reverse inAugust, and global prices will grow by $70-90/t in September-October.