The gap between the prices of rebar and hot-rolled coil exported from the Commonwealth of Independent States reached the highest since 2008 in the second half of April due to a combination of a flat steel products shortage in the global market and strong demand.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $639 per tonne fob at the midpoint of the range on Monday April 19, down by $6 per tonne week on week."There are reasons why the HRC price is high now. There is demand and it...