Wire rod price export prices from the Commonwealth of Independent States continued to slide over the past week due to a lack of demand and growing competition with Turkish suppliers.
The Turkish steelmakers reduced their export prices last week in attempt to attract customers and, in response, offers from the CIS region -particularly from Russia - dropped to $440-445 per tonne fob Black Sea on Monday September 16, compared with $455-460 per tonne fob a week earlier. The...