RUSSIA REBAR: Prices climb further on supply shortage, surging secondary market

Domestic steel rebar prices in Russia’s Central Federal District around Moscow increased further during the week to Monday October 18 amid good demand and depleted stocks, sources told Fastmarkets.

Fastmarkets’ assessment of steel reinforcing bar (rebar) domestic, cpt Moscow, Russia was 62,000 roubles ($870) per tonne cpt on Monday, including 20% value-added tax, narrowing upward by 2,000 roubles from 60,000-62,000 roubles per tonne a week earlier.

Distributors’ stocks were depleted after abstaining from...

Published

Elina Virchenko

October 20, 2021

09:45 GMT

Dubai