Russian domestic rebar prices flat with activity slow after holiday

November 10, 2021 / www.metalbulletin.com / Article Link

Domestic steel rebar prices in Russia's Central Federal District around Moscow were largely stable during the seven days up to Monday November 8, because of slow activity after a national holiday and Covid-19 restriction measures.

Market participants continued to report that the available volumes of rebar were limited. This was mostly due to mills giving priority to replenishing their trade houses' stocks but also planned minor maintenance work. Prices were expected to remain at current levels over the next two weeks.

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