CIS export prices for rebar and wire rod continued to rise in the week ended Monday February 18, following the increase in global billet prices seen last week as well as higher export offers for long steel from Turkey.
But customers refrained from making new bookings because they considered the offers for CIS material to be too high.In particular, rebar offers from Ukraine were heard at $495-500 per tonne fob Black Sea at the end of last week, sources told Fastmarkets."Nobody will buy rebar from...