CIS export wire rod and rebar prices increased in the week ended Monday January 4, following the uptrend in the billet segment and after customers in some destinations began accepting higher prices, which rendered additional support to CIS suppliers.
In particular, Belarus-origin wire rod offers - with load readiness in April - were heard at $465-470 per tonne fob Black Sea at the end of last week, depending on destination. The reported price is on a 95-100% pre-payment basis, which would be equivalent to around $475-480 per tonne fob Black Sea without pre-payment.The latest wire rod sales from Belarus were...