CIS export rebar and wire rod prices became firmer in the week ended Monday April 9 because the availability of the products, as well as the semi-finished products used to make them, was reduced by recent strong sales.
This was despite the continuing downward trend in the global long steel markets, most notably in Turkey and China.The CIS region's major long-steel supplier, ArcelorMittal, was offering wire rod from May-June output within the range of $625-635 per tonne fob Black Sea late last week.A cargo of 3,000 tonnes was...