CIS LONG STEEL EXPORTS: Mills bullish on surge in scrap prices

CIS rebar and wire rod producers turned bullish in the second half of February, because of a surge in scrap prices in Turkey in recent weeks.

Indications of rebar offers from both Russia and Ukraine were reported at $440 per tonne fob Black Sea on Monday February 17, whereas in the first week of February a major Ukrainian producer was ready to sell rebar at $420 per tonne fob Black Sea.

Last week, suppliers mainly refrained from making any offers and were assessing...


Vlada Novokreshchenova

February 17, 2020

17:25 GMT