CIS LONG STEEL: Mills make wire rod sales at higher prices on positive sentiment

Positive sentiment in the long steel market over the past week helped Commonwealth of Independent States (CIS) producers to achieve wire rod sales at higher prices, sources said on February 15.

“Prices for wire rod have gone up after higher scrap bookings and more optimism in the market,” one trader said.

Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $404.31 per tonne on Monday, unchanged from Friday and up by $22.47 per tonne week on week.


Vlada Novokreshchenova

February 15, 2021

17:15 GMT