Offer prices for exports of steel rebar and wire rod from the CIS region trended upward in the second half of July, with mills citing increased scrap costs and long steel prices in Turkey, but trading activity was limited amid thin demand in the majority of markets.
Rebar offers from the CIS region were heard at $430 per tonne fob Black Sea in the week ended Friday July 24, against $410 per tonne fob in early July."The markets are very limited these days for CIS material, apart from the EU, but even there the...