CIS LONG STEEL: Prices rise amid favorable market conditions

CIS export rebar and wire rod prices continued trending upward in early May, supported by favorable market conditions, sources told Fastmarkets this week.

Rising global scrap and billet prices, along with improving demand for finished long steel prices in Russia and Turkey, were reflected in the local and export prices, resulting in higher asking prices from CIS mills.
Rebar offers from Ukraine surged to $680-690 per tonne fob Black Sea this week against $650-660 per tonne fob heard a week earlier.

“Higher export rebar offers [from Ukraine] are connected...

Published

Vlada Novokreshchenova

May 06, 2021

13:11 GMT

Dnipro