Lack of demand and trading activity combined this week to put new pressure on CIS long steel export prices.
The situation was aggravated by increased competition with Turkish suppliers trying to overcome difficulties related to protectionism in Europe and the United States and a weakening domestic economy. "We are about to finalize a rebar sale at $460 per tonne fob Black Sea," a Ukrainian producer told fastmarkets on Wednesday May 8, adding that customers were not ready to pay anything above this level.Demand for rebar was generally weak in...