CIS LONG STEEL: Prices fall again on lack of trading activity

The prices of rebar and wire rod exported from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday September 9, under pressure from weak demand in the major sales outlets as well as growing competition with Turkish suppliers.

Indications of offers from CIS mills, particularly from Belarus, were reported at $420 per tonne fob Black Sea. But bids for CIS rebar from customers in the Middle East were coming in around $410 per tonne fob Black Sea, sources said. No new bookings were heard at the time of publication. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS, was $410 per tonne on Monday, down...

Published

Vlada Novokreshchenova

September 09, 2019

16:48 GMT

Dnepr