RUSSIA REBAR: Low distributor stocks support prices

September 29, 2021 / www.metalbulletin.com / Article Link

Domestic steel rebar prices in Russia's Central Federal District around Moscow were largely unchanged in the week ended Monday September 27, amid high purchasing interest from distributors with low inventories and an expectation that prices have reached a bottom, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 55,000-56,000 roubles ($757-771) per tonne on September 27, including 20% value-added tax, widening up by 1,000 roubles from a week earlier.
This week's price change was positive compared with recent weeks, during which a newly imposed export tax resulted in oversupply and sharp price decreases. Russian domestic rebar prices fell by 25% between July 19 and September 13 before stabilizing.

Key producers stayed quiet this past week, trying to gauge...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok