CIS LONG STEEL: Prices steady on limited trading

CIS export rebar and wire rod prices remained largely unchanged in the week to Monday March 23 with trading activity being limited.

Lower levels of trade followed the slowdown of demand in most markets due to the spread of the 2019-nCoV coronavirus pandemic.
“The market is very weak at the moment. If last week there was some activity, today and in the next two weeks it will all be quiet,” one trader said.

Despite the lack of demand, Ukraine-based ArcelorMittal Kryvyi Rih rejected customers’ bids for rebar at $400 per tonne fob Black Sea, intending to sell...

Published

Vlada Novokreshchenova

March 23, 2020

19:00 GMT

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