Spot demand is limited in Brazil. Many service centres are requesting concessions, ffnding the latest price offers from their suppliers unworkable. Import volumes are expected to rise in the ffrst quarter. This trend will is likely to continue until domestic producers reduce their price demands. In Russia, most steel distributors placed orders with domestic suppliers this month, anticipating further price increases in the next trading period. Traditionally, the post-winter recovery in demand starts in the southern federal districts, before moving northwards.
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