CIS LONG STEEL EXPORTS: Mills keep offers high despite limited demand

Offer prices for exports of steel rebar and wire rod from the CIS region trended upward in the second half of July, with mills citing increased scrap costs and long steel prices in Turkey, but trading activity was limited amid thin demand in the majority of markets.

Rebar offers from the CIS region were heard at $430 per tonne fob Black Sea in the week ended Friday July 24, against $410 per tonne fob in early July.
But this price was considered too high by market participants, whose estimates of the workable price did not exceed $415 per tonne fob.

“The markets are very limited these days for CIS material, apart from the EU, but even there the...

Published

Vlada Novokreshchenova

July 27, 2020

19:45 GMT

Dnepr