RUSSIA REBAR: Domestic price rebound on influence of export duty

Domestic prices for steel rebar in Russia's Central Federal District around Moscow narrowed upward by 2,000 roubles ($27) per tonne in the seven days to Monday August 16.

Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 66,000 roubles ($900) per tonne including 20% value-added tax on August 16.
This price narrowed upward from 64,000-66,000 roubles per tonne a week earlier, but it was down by 6,000-9,000 roubles per tonne from 72,000-75,000 roubles per tonne a month ago.
The assessment was based on deals, offers and market participants' indications of achievable prices during the past week.

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