RUSSIA REBAR: Demand remains seasonally weak

Rebar prices in Russia’s major steel-consuming region, the Central Federal District around Moscow, remained flat this week because buyers were not ready to accept higher prices when demand remains low, sources told Fastmarkets on Monday February 10.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% VAT, was 32,000-33,000 roubles ($499-515) per tonne on Monday February 10, uncharged week on week.

“Mills are rather bullish, they want to increase prices now, but it is definitely not the right time,...

Published

Marina Shulga

February 11, 2020

16:43 GMT

Kiev