RUSSIA REBAR: Prices soften on higher supplies after Tula Steel ramp-up of rebar output
Rebar prices in Russia’s major steel-consuming region, the Central Federal District, edged down over the past week, with supplies to the market continuing to increase since Tula Steel's entry into the rebar market earlier this year.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Moscow, Russia, including 20% VAT
, was 41,000-41,500 rubles ($650-658) per tonne cpt Moscow on Monday July 22, widening downward from $41,500 rubles per tonne cpt Moscow a week before.
“Tula Steel started to ship rebar to our market...