Rebar suppliers to Russia's Central Federal District, the major steel-consuming region in the country, have cut their prices because of a downtrend in the secondary market.
Fastmarkets' weekly assessment of the domestic price for Russian 12mm A500C rebar, including 18% VAT, decreased to 36,500 roubles ($546) per tonne cpt Moscow on Monday November 26, compared with 38,000 roubles per tonne last week.Both of the principal suppliers to the region, Severstal and Novolipetsk Steel (NLMK), reduced their rebar offers for December to 36,500...