CIS LONG STEEL: Mills raise rebar offers on higher scrap costs but demand gives little support

Rebar producers from the Commonwealth of Independent States (CIS) region tested higher offers in the market in the week to Monday February 24, following the surge in raw materials prices in the global market, particularly ferrous scrap, market sources said.

Offers for Ukraine-origin rebar were reported within the range of $445-450 per tonne fob Black Sea, against $440 per tonne heard a week earlier.

Belarus-origin rebar was available at $427-430 per tonne fob - up from $423-425 per tonne fob the week prior - but the producer was asking for 100% pre-payment. Moreover, any material from Belarus on offer was scheduled for production in May, while...

Published

Vlada Novokreshchenova

February 25, 2020

17:15 GMT

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