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Russian domestic rebar price unchanged but rises expected
April 16, 2014 - 14:40 GMT
Russian domestic rebar prices remained unchanged last week as April production had sold out and May output had not yet been offered.
Further price rises were expected as demand was good because
of the beginning of the construction season. However, producers
will exercise caution when seeking price rises so as not to
attract imports. Steel First's price assessment for A500 12mm
rebar stood at 23,000-23,100 roubles ($637-640) per tonne cpt
Moscow, including VAT, on partial prepayment terms, on Monday
April 14. The price assessment has been at this level for the
past four weeks, the same level as at the end of September. At
that time, it started to fall as the market became flooded with
domestic oversupply and imports. The price assessment
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Euromoney Institutional Investor PLC.
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