Ex-CIS wire rod offers move on a stable trend

Ex-CIS wire rod offers have moved on a stable trend since last week at $590-600/mt FOB. Meanwhile, demand has remained moderate and mills state that $590/mt FOB is a bottom level for wire rod. In the meantime, sales have closed for April shipments and ex-CIS wire rod offers may be revised in the coming period according to the trends of scrap and finished steel prices in the Turkish and Mediterranean markets.