RUSSIA REBAR: Prices flat but sentiment bearish

Domestic prices for steel rebar in Russia's Central Federal District around Moscow were largely flat in the week to Monday February 8, with buyers expecting prices to fall due to slow demand and declining exports, several sources told Fastmarkets.

Buying activity in the region's rebar market was quiet over the assessment week.
Construction activity in Russia, the main market for rebar, typically slows in late autumn and early winter due to poor weather conditions, and does not start to recover again until late March.
Despite this, rebar prices were reported to be largely flat this week, with buyers expecting a downward correction soon.

"Demand is slow, [and with] exports falling [there was] no way for [domestic rebar] prices to...

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