Russian domestic steel rebar prices keep falling on oversupply

Domestic steel rebar prices in Russia’s Central Federal District around Moscow fell again during the week to Monday May 23 amid oversupply in the market due to sanctions imposed by Western countries following the country’s invasion of Ukraine.

Local rebar prices declined further over the past week due to a global downtrend, limited export opportunities due to sanctions, a stronger Russian currency against the United States dollar, and...

Published

Elina Virchenko

May 23, 2022

16:47 GMT

Dubai