CIS LONG STEEL: Lack of demand, competition pushes prices further down

CIS export rebar and wire rod prices continued to decrease in the week to Monday September 13 pressured by low demand in most outlets and ongoing competition with Turkish suppliers, sources told Fastmarkets.

Turkish rebar and wire rod export markets remained subdued due to limited demand over the past week.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey was $660-670 per tonne on Thursday September 9, down from $665-670 per tonne.

Steel mills in Turkey continued to offer rebar for export at $670-675 per tonne fob on an actual-weight basis, despite buyers in major...

Published

Vlada Novokreshchenova

September 14, 2021

11:34 GMT

Dnipro