Russian steel works increase quotation of DNV GL DH32 flat steel

As of October 12, the CPT price of Russia's hot rolled steel sheet is 42000-43000 rubles / ton (547-560 US dollars), including 20% VAT, and the price is the same as last week. However, some large suppliers have increased the price of hot rolled steel sheet delivered in November to CPT 44000-45000 rubles / ton. However, in view of the low demand of downstream customers and the high inventory of traders, the buyer thinks that the DNV GL DH32 flat steel and so on steel price is still on the high side. A trader said that it was unreasonable for DNV GL DH32 flat steel and so on steel prices to rise sharply, and the steel mills were the main driving force for the price rise.

In addition, it was learned that the price of cold rolled (CR) sheets of CPT steel in Russia increased from 49000-50000 rubles / ton last week to 50000-51000 rubles / ton on Monday. The main reason is that the supply of DNV GL DH32 flat steel and so on steel is tight due to the low inventory level and strong demand.

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