Russian domestic rebar prices 'close to market bottom'

Domestic steel rebar prices in Russia’s Central Federal District around Moscow continued to decline during the week to Tuesday June 14 on an oversupply situation caused by limited export opportunities, resulting from sanctions imposed by Western countries after Russia’s invasion of Ukraine.

Market participants believed that prices were close to the bottom.

Expectations of early stabilization were based on news that some producers in southern Russia had started attempts to raise their...

Published

Elina Virchenko

June 16, 2022

18:18 GMT

Dubai