Longs prices have limited room for increase in CIS in July-August

摘要

The situation in CIS long product markets improved in June. The quarantine easing led to an increase in market needs due to deferred demand built in the period of slower business activity among other factors. Running out of stocks, trading companies are also restoring purchases. However, speculative moods are absent or insignificant so far despite signs of a further rise in mills' longs prices in July-August.