CIS LONG STEEL: Rebar prices slide on lower offers, competition with Turkey

Export rebar prices from the Commonwealth of Independent States (CIS) continued to decrease in the week to Monday October 4 after mills reduced offers again due to demand pressure and competition with Turkish suppliers.

ArcelorMittal Kryvyi Rih (AMKR), Ukraine's main long steel supplier, offered rebar at $680-710 per tonne fob, widening downward by $10 per tonne from a week ago.
"We reduced prices following Belarus Steel Works (BMZ) and Turkish suppliers," a mill source told Fastmarkets.
"We already hear[d] offers from Turkey at $650 per tonne fob," the source added.

Offers from BMZ were heard in line with AMKR in the Black Sea basin,...

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue

Gold stocks down in risk-on shift

Gold stocks rocket on metal rebound and equities jump