Severstal, one of two the largest rebar suppliers to Russia's Central region, has cut its offer prices more dramatically than traders expected, Metal Bulletin has learned.
Metal Bulletin's domestic prices for Russian 12mm A500C rebar plunged by 1,500 roubles ($24) per tonne on the low end of the range to a new assessment of 37,000-38,500 roubles ($588-612) per tonne cpt Moscow, including VAT, on June 25. This equates to a week-on-week drop of...