The price of steel rebar in Russia's Central Federal District around Moscow declined over the past week with trading limited by concerns related to the Covid-19 pandemic, sources told Fastmarkets on Monday April 6.
Last week, Severstal and Tula Steel, key suppliers to the region, tried to push rebar prices to 36,000 roubles per tonne cpt, citing better seasonal demand.Rebar demand in Russia slows in late autumn and winter due to the poor weather conditions, and normally starts to improve in March. But the producers failed to fix the new offers in deals because traders slowed down their purchasing activity due to the health...