Steel traders in Russia expect rebar producers to review their prices downward due to poor demand in the secondary market, Metal Bulletin has heard.
In winter, construction activity is low in Russia because of the poor weather conditions, so demand for rebar normally falls.Metal Bulletin's price assessment for Russian domestic 12mm A500C rebar was 35,000-35,500 roubles ($603-612) per tonne cpt Moscow, including VAT, on Monday February 12, unchanged from last week.Steelmakers increased their prices in late November, despite falling demand in the local market, citing high demand in the export...