From January to March 2023 (as of March 29), prices for rebar in Russia rose by an average of 26.8%. The increase in the cost of fittings occurred both among manufacturers and traders.
The price of rebar, which was $572 on April 11, is $600 as of today.
The start of the construction season is one of several factors that have contributed to the growth during the past two months. Construction sites are typically activated in the spring in Russia, along with residential buildings and significant infrastructure projects. The demand for rolled metal rises when the building season gets underway.
Of course, one of the factors is the expansion of the Chinese economy. The world's main buyer of rolled metal is recovering from the crisis and is increasing its turnover, which has a positive effect on demand.
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