CIS LONG STEEL: Market quiet, awaiting more clarity for export market outlook

摘要

CIS export rebar and wire rod markets were quiet in the week endedMonday May 20 with most buyers and sellers taking a wait-and-seeapproach seeking more clarity from Turkey, which finally achieved areduction to the US import duty to 25% last week.Recent offers of rebar from Ukraine were heard within the rangeof $460-475 per tonne fob Black Sea, depending on destination.No bookings were reported by the time of publication.As a result, Fastmarkets’ weekly export price assessment for CISrebar fob Black Sea was unchanged at $460 per tonne.Wire rod offers varied within the range of $495-505 per tonne fobBlack Sea in the week to Monday, depending on supplier anddestination.