The CIS export wire rod market picked up in the week ended Monday June 18, with customers accepting higher prices after a positive trend emerged in the billet segment and buying activity thawed following the end of the Islamic holy month of Ramadan.
Metal Bulletin's weekly assessment of export prices for CIS-origin wire rod was $575-595 per tonne fob Black Sea on Monday, up from $560-580 per tonne fob a week earlier on June 11.The latest offers from Russia and Belarus were reported at $580 per tonne fob Black Sea for July-rolling material last week.A cargo of Belarus-origin wire rod was heard booked within the range of $575-580 per...