CIS exporters of steel rebar and wire rod have turned bullish following the recent uptick in long steel prices globally, and have increased their offer prices to foreign customers, Fastmarkets heard on Monday November 2.
Russia-origin rebar was available at $460-463 per tonne fob late last week, sources told Fastmarkets.Prices jumped upward from $460 per tonne fob Black Sea reported in mid-October after increases in competing offers, primarily from Turkey, as well as because mills were...