In the last days of May, there was a significant increase in demand and an increase in spot prices for rolled products.
The manufacturing industry in Russia is expanding quickly on the upswing. The figures gradually improved and are still improving today, despite the low base in the second quarter of the previous year. As a result, it is anticipated that demand will continue to increase.
Experts predict that sheet metal producers will try to increase prices because the situation on the Russian market is favorable for doing so. Additionally, there is a recession on the global market, which makes it difficult for domestic factories to compete. Turkey is anticipated to place orders with Russian steel mills soon.
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