Rebar producers have increased their prices for Russia's Central Federal District, the major steel-consuming region in the country, citing a shortage of material in the market.
But traders have said that the shortage has been created by the producers and does not accurately reflect the level of demand.Metal Bulletin's weekly assessment of the domestic price for Russian 12mm A500C rebar, including VAT, went up to 42,000-46,000 roubles ($618-677) per tonne cpt Moscow on Monday September 3, compared with 37,500-38,500 roubles per tonne last...