CIS export rebar and wire rod markets were quiet in the week ended Monday May 20 with most buyers and sellers taking a wait-and-see approach seeking more clarity from Turkey, which finally achieved a reduction to the US import duty to 25% last week.
Recent offers of rebar from Ukraine were heard within the range of $460-475 per tonne fob Black Sea, depending on destination. No bookings were reported by the time of publication. As a result, Fastmarkets' weekly export price assessment for CIS rebar fob Black Sea was unchanged at $460 per tonne. Wire rod offers varied within the range of $495-505 per tonne fob Black Sea in the week to Monday, depending on supplier and destination. A...