Metals News
Russian Steel Prices Rise as Stockpiles Decline, MB Data Show
industry news

Jan. 26 (Bloomberg) -- Russia’s export steel prices started to recover in January as stockpiles declined, Metal Bulletin data shows.

The price for hot rolled coil, a benchmark, increased for the first time since the end of October. It reached $625 a metric ton last week, compared with a 12-month low of $577 in December. The price peaked at $790 per a ton in February.

"The demand is healthy as steel stockpiles were low and even the European market is feeling better,” Anastasia Gracheva, a Moscow-based UBS analyst, said by phone. She expects prices to climb by as much as 10 percent in the first quarter compared with the end of 2011.

steel price
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data