CIS LONG STEEL: Prices drop on poor demand, weak billet

CIS export rebar and wire rod prices dropped over the past week due to limited demand in the region's main target markets and a notable drop in billet prices.

Metal Bulletin’s price assessment for CIS rebar exports was unchanged week on week at $505-515 per tonne fob Black Sea on Monday November 14, with Ukraine-origin material heard on offer within the price range, but with no customers showing any interest in the material. In addition to the low demand in the major export markets, buying activity in the finished long steel sector has...


Vlada Novokreshchenova

November 14, 2017

12:35 GMT