The price of rebar and wire rod exported from the Commonwealth of Independent States (CIS) dropped in the week to Monday September 2, pressured by weak demand in the major sales outlets as well as in rival markets amid increased competition and slower projects realization.
Falling scrap and billet costs were another negative factor affecting steel sales and prices in the global market.Recent wire rod offers from Russian and Ukrainian producers were reported at $470 per tonne fob Black Sea with mills ready...