Negative sentiment drives Russian wire rod prices further downward

The export price for steel wire rod from Russia has continued to fall in the second half of the month, under pressure from unfavorable market sentiment, Fastmarkets heard on Monday June 20.

The lack of demand both domestically and in the foreign markets, along with decreasing prices for semi-finished steel and raw materials, were the main negative factors.

As a result, Russian...

Published

Vlada Novokreshchenova

June 20, 2022

17:13 GMT

Dnipro