CIS export prices for rebar and wire rod continued to decline in early June under pressure from growing competition with Turkish suppliers as well as lower bids placed by customers.
Metal Bulletin's weekly price assessment for CIS rebar exports was $545-550 per tonne fob Black Sea on Monday June 4, against $545-555 per tonne fob Black Sea last week.Russia's Abinsk Electric Steel Mill was offering rebar at $550 per tonne fob Black Sea.Belarus Steel Works remained out of the market, however, preferring to assess conditions before opening trade for its July-rolling material.Official export rebar offers from Ukraine's ArcelorMittal Kryvyi Rih were...