CIS export rebar and wire rod prices remained unchanged in the week ended Monday May 21 with varying factors pulling the markets in different directions.
Some market participants expected prices to pick up in the near term amid a reduction in the availability of material from Ukraine's ArcelorMittal Kryvyi Rih. This follows last week's production halt, which itself was the result of a four-day strike that started with the unit's railroad department workers."The general loss [in output] will total around 250,000 tonnes of steel in May, both semi-finished and finished steel," a company source told Metal Bulletin, adding that this volume would be enough to create a deficit in the market that would push deal...