Russian domestic rebar prices stable but high stocks may soften resolve

Domestic prices for steel rebar in Russia’s Central Federal District around Moscow were unchanged on Monday January 17 for the third consecutive week on slow activity after year-end holidays and a reduction in the consumption of construction steel because of the wintry weather, sources told Fastmarkets.

Since the country’s government is continuing its efforts to stimulate strategic state and municipal programs in housing and infrastructure, demand for steel rebar during the 2022 construction season should remain...

Published

Elina Virchenko

January 18, 2022

14:03 GMT

Dubai