RUSSIA REBAR: Prices slip again on export duty concerns

Domestic steel rebar prices in Russia’s Central Federal District around Moscow fell in the week to Monday July 26, mainly due to slow activity in the market and expectations of further price declines, sources told Fastmarkets.

Market participants expected the downtrend to continue while the market reacts to the imposition of an export duty on steel products from Russia. This will be in effect from August 1 until the end of the year, and is intended to prevent price growth in the local...


Elina Virchenko

July 27, 2021

17:42 GMT