Russian steel manufacturers have started increasing prices for local customers because of the ongoing growth of export prices.
Thus, NLMK has increased its January 2018 prices for hot- and cold-rolled metal by 10%, and Severstal – by 4%.
Steel started getting expensive in December. In just one week (December 15-22) average local prices have grown by 0.8%, from $542 to $606 per ton.
Retail prices for rebars increased by 4%, to $463 per ton as of December 22. (Ukrainian metal)