Activated by the rising construction in Central region in Russia, the domestic prices of deformed steel bars have hiked by 5% in the past two weeks.

It’s indicated that the deal prices of deformed steel bar in Russian domestic market were at US$730~US$750/ton in two week earlier, up by US$20/ton in comparison of US$695~US$715/ton in early June.

Traders indicated that the uptrend for deformed steel bar might continue to September due to strong demand from construction industry.