Russian iron prices are on the decline

In the first quarter of 2023, Russian rebar prices are essentially fluctuating. The rebar price in the last week of March was $625, and in the last week of April it was $616. The most recent price increase was $630 in the second week of April. Russian rebar prices, which are still on the decline, are now at $613.

Prices for wire rod are steady. Early in March, wire rod prices were $632; by the end of the month, they had barely changed to $630. This price was $633 in the final week of April. Russian wire rod prices currently hover around $632.