RUSSIA REBAR: Buying slows amid coronavirus, prices flat

April 21, 2020 / www.metalbulletin.com / Article Link

The price of steel rebar in Russia's Central Federal District around Moscow was stable week on week, while buying remained slow due to the Covid-19 restrictions, sources told Fastmarkets on Monday April 20.

Activity in construction, the key rebar consuming sector, slowed down gradually, while a majority of construction sites have been closed since April 13, sources said.
"Only strategic projects such as underground or road and bridge construction is going on now, so we face a sharp drop in orders," one trader told Fastmarkets.

Fastmarkets' weekly price assessment for steel...

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