RUSSIA REBAR: Price decline continues on seasonal slowdown, high availability

Rebar prices in Russia’s major steel-consuming region - the Central Federal District around Moscow - continued to fall over the past week due to a combination of high availability and the seasonal slowdown.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT, was 36,000-37,000 rubles ($547-562) per tonne on Monday September 9, down from 37,000-38,000 rubles per tonne a week before. “Nominally, Severstal’s rebar price remains 38,000 [rubles per tonne cpt Moscow], but in fact no one will close the month at this level if Novolipetsk Steel (NLMK) offers [rebar at] 1,000 rubles per tonne lower,”...

Published

Marina Shulga

September 10, 2019

11:15 GMT

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