Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia
was 55,000-56,000 roubles ($757-771) per tonne on September 27, including 20% value-added tax, widening up by 1,000 roubles from a week earlier.
This week's price change was positive compared with recent weeks, during which a newly imposed export tax resulted in oversupply and sharp price decreases
. Russian domestic rebar prices fell by 25% between July 19 and September 13 before stabilizing
Key producers stayed quiet this past week, trying to gauge...