CIS LONG STEEL: Prices surge amid favorable market conditions

Rebar and wire rod export prices from the Commonwealth of Independent States surged in the week to Monday May 17, supported by rising raw material costs, higher export prices in China, and increasing domestic prices in Russia.

Rebar
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $810-830 per tonne on Monday, up $110-130 from $680-720 per tonne fob a week earlier.
Rebar offers from Russian mills were heard at $810 per tonne fob Black Sea on Monday.

Offers from Ukraine jumped to $830 per tonne fob Black Sea, compared with $740-745...

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