Steel rebar prices increased in the domestic market in Russia's Central Federal District around Moscow in the week ending Monday October 4, with local producers taking advantage of the low stocks of both traders and end-users to raise offers, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Moscow, Russia was 55,500-59,000 roubles ($765-814) per tonne cpt on October 4, including 20% value-added tax, up by 500-3,000 roubles ($7-41) from 55,000-56,000 roubles per tonne a week earlier.A downward trend was prevailing in the domestic rebar market between mid-July and mid-September, when prices fell by 25%, and then stayed largely unchanged until lat week. Neither distributors nor construction companies have been purchasing large...