CIS LONG STEEL: Producers eye price increases amid rising raw materials costs

Long steel exporters from the Commonwealth of Independent States (CIS) are targeting higher prices amid rising international scrap prices, sources told Fastmarkets this week.

The recent rebound in scrap prices in Turkey and successive increases to long steel export prices there made CIS exporters follow suit and reconsider their pricing policies.

Ukraine’s main long steel producer, ArcelorMittal Kryvyi Rih (AMKR), increased its rebar offer prices to $700-730 per tonne fob on Monday, up by $20 per tonne from a $680-710 per tonne a week earlier.

Rebar producers...

Published

Julia Bolotova

October 12, 2021

07:52 GMT

Dnipro