RUSSIA REBAR: Mills cut prices on low demand

Rebar suppliers to Russia’s Central Federal District, the major steel-consuming region in the country, have cut their prices because demand in the secondary market remains seasonally weak.

Fastmarkets’ weekly price assessment for the domestic 12mm A500C rebar in Russia, including 20% VAT, was 33,700-33,800 roubles ($510-512) per tonne cpt Moscow on Monday January 28 , down from 35,000-35,500 roubles per tonne last week. Novolipetsk Steel (NLMK) cut its price for February-rolled rebar to 33,800 roubles per tonne cpt Moscow, while its official price for January-rolled rebar was 35,500 roubles per tonne cpt....

Published

Marina Shulga

January 29, 2019

16:38 GMT

Dnepr