FAS Probes Rebar Price Rise in Russia
During price monitoring conducted jointly by the Federal Antimonopoly Service of the Russian Federation, the Ministry of Construction of the Russian Federation, and the Ministry of Industry and Trade of the Russian Federation, an increase in the cost of construction rebar on the domestic market was identified.
Consensus
- The Federal Antimonopoly Service (FAS) has initiated a review into the increase in prices for construction rebar in Russia.
- The price increase was identified through a joint monitoring effort by FAS, the Ministry of Construction, and the Ministry of Industry and Trade.
- The rise in prices is attributed to a combination of factors, primarily the imbalance between supply and demand.
- Construction activity has increased in the current year amid low stock levels of rebar.
- The low stock levels were formed based on market participants' expectations.
- Construction materials are included in the list of goods subject to regular price monitoring.
- FAS has sent requests to producers for information regarding the price dynamics.
Points of divergence
- The increase in construction activity occurred in 2026, and steel production in July 2026 rose by 3% compared to the same period in the previous year, reaching 5.6 million tons. — vedomosti
- In 2023, FAS opened an antitrust case against one of the dominant players in the rebar market, the 'Promsort' group of companies, and also identified 'Novostal-M', 'Mechel', and 'EVRAZ' as companies holding dominant positions in the market. — interfax
Coverage (3 sources)
- FAS will check the justification of the rise in prices for rebar in Russia — Коммерсантъ
- FAS will check the reasons for the rise in prices on construction rebar — Ведомости
- FAS will check the justification of price increases for rebar in Russia — Интерфакс