CIS LONG STEEL: Market quiet, awaiting more clarity for export market outlook

CIS export rebar and wire rod markets were quiet in the week ended Monday May 20 with most buyers and sellers taking a wait-and-see approach seeking more clarity from Turkey, which finally achieved a reduction to the US import duty to 25% last week.

Recent offers of rebar from Ukraine were heard within the range of $460-475 per tonne fob Black Sea, depending on destination. No bookings were reported by the time of publication. As a result, Fastmarkets’ weekly export price assessment for CIS rebar fob Black Sea was unchanged at $460 per tonne. Wire rod offers varied within the range of $495-505 per tonne fob Black Sea in the week to Monday, depending on supplier and destination. A...

Published

Vlada Novokreshchenova

May 20, 2019

15:49 GMT

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