RUSSIA REBAR: Domestic price continues to fall in response to export duty

Prices for domestic steel rebar in Russia's Central Federal District have continued to decline, losing another 3000-5000 roubles ($41-68) per tonne in the seven days to Monday August 9.

Market participants expect the downward trend to prevail until the busy construction season ends in early November.
Considering the high prices on offer from traditional suppliers in the Moscow area, stockists have begun to consider producers such as Evraz, Balakovo and Abinks who sell predominantly in other parts of Russia.

Material from non-traditional suppliers were available at 64,000-66,000 roubles per tonne cpt including 20% value-added tax, market sources said. A deal for Evraz, for example, was heard at 64,000 rubles per tonne cpt.
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