Russian domestic steel market muted; rebar prices decrease

The Russian domestic steel market was muted in the week to Tuesday May 30 while rebar producers lowered their offers, Fastmarkets heard.

Fastmarkets’ price assessment for steel reinforcing bar (rebar) domestic, cpt Moscow, Russia fell to 52,000-53,000 rubles ($649-662) per tonne, including 20% value-added tax (VAT), on Tuesday, down from 54,000-55,500 rubles...