The rebar market in Russia's Central Federal District around Moscow, the major steel-consuming region in the country, remained weak and calm due to seasonally low demand this week.
Fastmarkets' weekly assessment of the domestic price for Russian 12mm A500C rebar, including 20% VAT, was 35,000-35,500 roubles ($524-532) per tonne cpt Moscow on Monday December 21, widening downward from 35,500 roubles per tonne last week.Both of the principal suppliers to the region, Novolipetsk Steel (NLMK) and Severstal, have not revised prices downward so their offers remained at 35,500 roubles per tonne and 36,000 roubles per tonne, respectively. "Despite official offers from one supplier...