Latvian rebar bookings for Germany & Russia

Wednesday, 11 October 2006 13:33:28 (GMT+3)   |  
       

SteelOrbis has heard that rebar ex-Latvia has been booked in Germany at around Euro 450/mt DAF on actual weight basis and in Russia at around Euro 460/mt DAF on actual weight basis. Latvian producers are focused on Europe's strongest market Germany due to the weakness in Southern Europe and on Russia, despite a slight decrease in region's domestic prices. Some sales to Russia were even concluded above Euro 460/mt DAF.

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