03
Dec
00:00
Rouble devaluation cuts Russia's domestic rebar price
In Russia, prices for both domestic hot rolled coil and rebar are about to fall through the $400/tonne mark, notes Moscow-based steel analysts, BCS Financial Group in their latest weekly steel round-up.
Most of that is because of rouble depreciation on the back of weaker oil prices, and the latter should constrain domestic prices from catching up with export parity: "Moreover, weaker oil threatens to shrink the domestic steel market by roughly 10-15% over…
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Anonymous
Very good overview of the weekly steel market.
Anonymous