CIS LONG STEEL: Offer range widens, but deals remain rare

The range of offers for rebar and wire rod exports from the Commonwealth of Independent States (CIS) region has widened so far in the second half of April.

Rebar offers from the CIS have varied widely, but have stayed within the range of $380-410 per tonne fob Black Sea.
Some mills are keeping their offers on the lower side to attract customers, while others - mainly from Russia, where the domestic market has been comparatively stronger despite the slowdown caused by the Covid-19 restrictions - are keeping prices closer to the upper end of the range.

Some Russian mills increased...

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