CIS LONG STEEL: Trading activity limited amid market uncertainty

Trading activity in the export market for CIS-origin long steel products was nonexistent in mid-March because the market uncertainty caused by the 2019-nCoV coronavirus pandemic undermined demand that was already modest.

And buying activity in the major sales outlets was reduced due to recent heightening of the political tensions in the Middle East, particularly in Turkey, Iraq and Lebanon.
The Egyptian market was largely inactive due to the imposition of a 25% anti-dumping duty on imports of rebar and wire rod.
Some demand was seen in Europe and in some countries in East and West Africa in recent months.

But demand for...

Published

Vlada Novokreshchenova

March 16, 2020

19:05 GMT

Dnepr