CIS LONG STEEL EXPORT: Wire rod price widens against firm offers, scarce demand

Trading activity in the majority of CIS markets was thin over the past week due to low demand, but CIS exporters of rebar and wire rod preferred to keep offers stable following the example of Turkish producers.

Turkish steel mills last week kept their rebar export offers at $425-430 per tonne fob on an actual weight basis, while bids for the material were no higher than $410 per tonne, Fastmarkets reported.
Such conditions diminished bookings of long steel products from the CIS region, market participants told Fastmarkets.
Wire rod offers were reported within the range of $435-445 per tonne fob Black Sea from Russia and Ukraine.

A cargo of Russian wire rod was reported sold to the Middle East...


Vlada Novokreshchenova

June 22, 2020

17:33 GMT