Domestic quotations unlikely to change this year

摘要

In September, domestic quotations for HR sheets have inched up by 1-1.5% mainly because of a 4-5% decrease in the rouble exchange rate against the US dollar. As a result, domestic prices that approximated to export ones in August are currently around $30/t below them. The difference between quotations may encourage mills to raise quotations in the home market, while usually domestic prices are above export ones. Nevertheless, this trend will not have a decisive impact on suppliers. domestic pricing. Firstly, many negative factors suppress bullish sentiments among producers.