25
Jun
17:00
Morgan Stanley sees limited Russia rebar price hikes, more mill deleveraging
Russian domestic rebar prices have returned towards more normalized levels versus exports, aided by the rouble’s appreciation. The current discount of $20/tonne is still below the long-term average of $25/t, but given the weakness of the domestic market, “there are doubts as to whether rebar producers can increase rouble prices,” says Morgan Stanley.
Net exports have allowed Russian steelmakers to maintain high capacity utilisation rates in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous