Market factors to no longer support CIS longs prices in August

摘要

Because of a spike in demand fueled by stronger speculative moods and seasonally high market requirements, certain rebar sizes ran short in Russia and Ukraine, allowing suppliers to go bullish. A better situation in the export markets provided mills with more confidence in raising domestic longs prices. However, the key factors may no longer support domestic pricing in August. Moreover, competition in CIS longs markets may intensify amid overcapacity.