RUSSIA REBAR: Mills seek higher prices on uptrend in longs, billet exports

Domestic steel rebar prices in Russia’s Central Federal District around Moscow increased again on higher offers from mills in the week to Monday November 30, reflecting export market growth, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 42,000 roubles ($552) per tonne including 20% value-added tax on Monday, up from 41,000-41,500 roubles per tonne last week.

Major suppliers to the Central Federal District increased their offer prices for December deliveries to 42,000 roubles per tonne this week, compared with 41,500 roubles per...

Published

Julia Bolotova

November 30, 2020

15:50 GMT

Dnipro