CIS LONG STEEL: Prices up on positive global market, higher billet costs

November 25, 2020 / www.metalbulletin.com / Article Link

The export market for long steel products from the Commonwealth of Independent States (CIS) went up in the week to Monday November 23 on a generally positive mood in the global steel market and higher prices for steel billet feedstock.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS, was $490 per tonne on November 23, up from $465-468 per tonne fob a week earlier.
Offers of Russia-origin rebar increased to $490 per tonne fob from $468-470 per tonne fob earlier in November.

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