CIS LONG STEEL EXPORT: Negative sentiment grows amid low demand, rising competition

Wire rod and rebar exports from the Commonwealth of Independent States have come under pressure from reduced demand in major destinations as well as growing competition from Turkish suppliers who have lowered their prices amid a tumbling scrap market.

The latest offers for Russian and Ukrainian wire rod were reported at $470 per tonne fob Black Sea in the past week.
Several Ukrainian cargoes were reported to have been sold to Africa at $460-470 per tonne fob Black Sea.

Russian wire rod was also said to have been sold to Europe at $465 per tonne fob Black Sea last week. But some market participants raised doubts over this because the quota for Russian wire rod in Europe has...


Vlada Novokreshchenova

January 21, 2020

09:35 GMT