Rebar suppliers have increased their prices for buyers in Russia's Central federal district, the major steel-consuming region in the country, on an improvement of the export billet market in late May.
Fastmarkets' weekly price assessment for domestic 12mm A500C rebar in Russia, including 20% VAT, was 40,000-40,500 roubles ($611-618) per tonne cpt Moscow on Monday June 3. This was up from 39,000-39,200 roubles per tonne in the previous week."Mills were inspired by the better [billet] export...