CIS-based producers of steel wire rod and rebar have continued to raise their offer prices for foreign customers, with support from rising raw materials costs and finished long steel prices in competitors' markets, particularly Turkey, as well as a supportive domestic market in Russia.
Demand in the major outlets has not, however, been strong enough to drive full acceptance of the new round of price increases.Customers in the Middle East faced a lack of demand from the construction sector because of the effects of the Covid-19 pandemic, while in Europe import quotas for both rebar and wire rod have...