Russian metal traders do not see grounds for rising prices

Russian metal distribution prices with enviable perseverance go down. The Metalsea index decreased by 1.2 points (-0.43%) and fixed at 279.0. The spawning market of ferrous metals continues to move down. The Metalsea Inox index has lost 0.3% (-0.11%) over the past week and fixed at 270.24. The price of stainless steel also went down. This was written by the magazine metal supply and sales.

Despite the signs of some economic growth, Russian prospects look rather vague. This is primarily due to the lack of a clear political leadership in the state. At least, 78% of the participants in the World Economic Forum in Davos think.

At the open council of the Russian Union of Metal Products (RSPM), held last Friday, almost all traders announced their priorities in the new trading season, among which the growth of profit, a decrease in problem accounts receivable, and improvement of capital turnover.

However, none of them have the expectations of serious growth in demand or prices for metal rolling in the new season. Russians support a global tendency to change the struggle for the number of products, the struggle for their quality and, therefore, a higher profit.