RUSSIA REBAR: Bullish supplier offers fail to boost domestic price

November 03, 2020 / www.metalbulletin.com / Article Link

Domestic steel rebar prices in Russia's Central Federal District around Moscow were mostly stable over the past seven days to Monday November 2 despite producers pushing for higher prices for November deliveries, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia remained at 40,000-41,000 roubles ($503-516) per tonne including 20% VAT on Monday.
In US dollar terms, however, the price has declined over the week due to the weakening value of the Russian rouble.

The dollar was trading at $1 to 79.40 roubles on November 2, while on October 26 it had been trading at...

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