RUSSIA REBAR: Strong demand from construction supports price

The domestic steel rebar price in Russia’s Central Federal District around Moscow was stable on Monday August 3 following an increase last week that was supported by good demand from end users, sources said.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($471) per tonne on Monday, including 20% VAT.
In dollar terms, the price was cheaper due to the weakening of the value of the Russian currency against the dollar.

The conversion rate was 74.3 roubles to $1...

Published

Julia Bolotova

August 03, 2020

15:43 GMT

Dnepr