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Promsort has reduced list prices for rebar

Promsort, one of Russia's largest producers of long products, has reduced list prices for rebar after meetings with relevant departments and the Federal Antimonopoly Service.

Promsort has reduced list prices for rebar

An agreement was also reached according to which government construction projects will be provided with the necessary volumes of rebar at fixed prices.

A tool for increasing the transparency and predictability of the market for rebar should be the conclusion of long-term direct contracts with consumers and the sale of products through the St. Petersburg Commodity and Raw Materials Exchange.

After Promsort reduced its rebar list prices, the expectation of a decrease in billet prices continues.

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