Market sources indicate that
CIS wire rod export offers are still ranging at $550-560/mt FOB Black Sea, remaining stable since last week. Meanwhile, it is reported that some small-scale sales have been concluded from the
CIS to the Middle East in the price range of $550-555/mt FOB Mariupol, though
wire rod demand is still on the weak side in the region due to Ramadan.
In the meantime,
CIS wire rod offers for Europe have also been stable since last week, trending at $595-600/mt DAP. Market sources report that some deals for small volumes have been concluded at the price levels in question.