RUSSIA REBAR: Market expects prices to decline on slow winter demand

Buying activity in the domestic steel rebar market in Russia’s Central Federal District around Moscow was close to nil in the week to Monday February 22, due to bad weather conditions, Fastmarkets has heard.

Official offer prices from major suppliers to the region were unchanged, but sources were expecting a downward correction soon.
Snowstorms in the region over the assessment week put construction activity on hold and delayed deliveries, sources said.

Construction activity in Russia, the main market...


Julia Bolotova

February 22, 2021

15:32 GMT