CIS LONG STEEL: Mills reduce prices amid growing competition

CIS rebar and wire rod prices fell in the week to Monday February 8, with mills reducing their offers after Turkish suppliers did the same in an attempt to attract customers.

Ukraine-origin rebar was available at $600-615 per tonne fob, compared with $640 per tonne fob a week earlier.
And Russia-origin material was offered at $600 per tonne fob Black Sea, sources told Fastmarkets.

Several market participants said that the workable level was closer to $590 per tonne fob - in line...

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