Domestic steel reinforcing bar prices in Russia's Central Federal District around Moscow corrected downward by $14-27 per tonne on increased supply from mills in the region during the seven days to Monday November 15.
"Demand remains high. We don't exclude that the government will have to take some action again to cool down rebar prices, like they did in summer," one large trader source told Fastmarkets.The speculative demand that was due to limited supply from mills and...