RUSSIA REBAR: Domestic price rises on weak rouble

The rebar price in Russia’s Central Federal District around Moscow increased in the week to Monday March 23 on a sharp depreciation of the rouble against the dollar.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, including 20% value-added tax (VAT) was 34,500-35,000 roubles ($432-437) per tonne on Monday, up from 34,000-34,500 roubles per tonne last week.

In dollar terms, despite the increased value in roubles, the price decreased drastically over seven days due to the softening of the exchange-rate value...

Published

Julia Bolotova

March 23, 2020

16:42 GMT

Dnepr