RUSSIA REBAR: Producers hold back July offers, buyers expect rollover

June 15, 2021 / www.metalbulletin.com / Article Link

The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises.

Most local producers were still holding back their offers for July, although sources told Fastmarkets they expect a rollover of the latest prices.

Tula Steel was heard offering rebar to the secondary market at 75,000-77,000 roubles ($1,042-1,069) per tonne cpt, sources said, the same as last week....

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