Russia-based Industrial Metallurgical Holding (IMH) increased wire rod offers to $740-750 per tonne fob Black Sea from $680-685 per tonne a week earlier amid higher costs in the domestic market.
“Higher export offers are connected with increased domestic rebar prices,” a producer source said.
Rebar offers in Russia's domestic market surged
to 54,000-57,000 roubles ($706.78-746.01) per tonne from 53,000-54,000 roubles a week earlier.
Russian producer Abinsk Electric Steel Works (AESW) was offering wire rod at $715 per tonne fob Black Sea, up from its...