CIS LONG STEEL: Lower bids drag prices further downward

The mood in the Commonwealth of Independent States (CIS) export rebar and wire market continued to be pessimistic after the year-end holiday break. Customers placed their bids at lower levels, which dragged the market further downward.

Meanwhile, suppliers preferred not to hurry with price cuts and placed new offers predominantly at the year-end level. Offers of Ukraine origin rebar were reported at $460 per tonne fob Black Sea on Tuesday January 8, unchanged from end-December. At the same...

Published

Vlada Novokreshchenova

January 09, 2019

15:42 GMT

Dnepr