RUSSIA REBAR: Prices stabilize despite softer trading

Domestic steel rebar prices in Russia’s Central Federal District around Moscow remained flat in the week to July 19 due to slower trading activity, sources told Fastmarkets.

August rebar offer from key local suppliers to the region were broadly unchanged from July levels, despite an anticipated downward correction due to
a temporary export duty on steel products in Russia starting  August 1.
Low buyer stock levels in addition to seasonally good construction demand - a key end-sector for rebar - are supporting high prices.

Published

Julia Bolotova

Elina Virchenko

July 19, 2021

16:50 GMT

Dnipro, Dubai