Mills. prices to decrease in July

摘要

In June, ArcelorMittal Temirtau and Russian suppliers pursued differentpricing policies. Meanwhile, big traders were cutting purchasesanticipating a drop in prices. In June, competition between domestic and Russian suppliers of uncoatedproducts tightened amid weakening demand. In June, some Russian millsannounced price cuts to attract Kazakh consumers. As a response, ArcelorMittalTemirtau will offer a $40-90/t discount to big traders in July. Russian suppliersare likely to follow.