9,347.17 TL BIST 100 BIST 100
31.01 $ USD USD
€33.67 EUR EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Russian rebar market remain unstable

Since the end of October, prices for rebar have been trending downward, which is generally natural.

Russian rebar market remain unstable

It is quite possible that the bottom will be reached at around 60 thousand rubles per ton or even lower. However, in the future the prices is expected to rise again. 

Then a potential difference will arise between the regulated and unregulated market segments. The Ministry of Industry and Trade makes it clear that it will not tolerate price increases for government-funded projects. 

A second attempt is being made to organize direct deliveries at “special” prices from metallurgical enterprises to specific construction sites. And what is important, prices for rebars for government buildings are set on the “cost plus” principle, and scrap metal takes up a significant part of the cost.

At the same time, an increase is visible in the global steel market. European, Chinese and Turkish companies announced price increases. However, the main reason for the increase was increased costs. Recently, prices for scrap and iron ore have risen. One can argue how much the cost of scrap metal will increase in winter, but most likely it will not be lower than the current one. 

There is a slight growth trend in semi-finished steel products. But Russian companies have reduced their export supply due to the increase in the ruble exchange rate and export duties, supplies abroad have become unprofitable.

Central Asian countries, Israel and Latin America are main regions for Russia's rebar exports.

SteelRadar's price assessment for export rebar from Russia is at $480-500 FOB Black Sea.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Sackers Metal Processing Ltd is ready to cooperate with Uzbekistan

Friday, February 23, 2024

Gerdau says it may accelerate downsizing in Brazil

Friday, February 23, 2024

Mechel JSC announced the results of 2023

Friday, February 23, 2024

Japan's January stcrude steel production surged

Friday, February 23, 2024

Tata Steel withdraws merger plan with TRF

Friday, February 23, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now