CIS export rebar and wire rod prices lost $10-15 per tonne over the past week, with a lack of buying activity compounded by a downturn in sentiment in the billet and scrap markets.
Prices fell despite reduced availability in the export market after Russia's NLMK focused on selling to the domestic market and fellow Russian steelmaker Abinsk Steel Mill remained out of the market due to ongoing repairs at its transformer plant. Metal Bulletin's weekly price assessment for CIS rebar exports was...