CIS longs exports see greater activity for wire rod than for rebar

This week, ex-CIS rebar prices have remained unchanged as compared to last week at $590-600/mt FOB. Market sources indicate that, although mills' rebar export prices are standing at $600/mt FOB in general, prices may decline to $590/mt for larger volume orders. While rebar prices are not expected to increase during the summer lull, ex-CIS rebar prices may see some softening if ex-Europe rebar offers at $590-595/mt FOB soften in the coming period.
 
On the other hand, demand and market activity is livelier for CIS wire rod, while CIS wire rod export prices are standing at $615-620/mt FOB. Higher demand and recently concluded transactions are preventing ex-CIS wire rod prices from softening and SteelOrbis has learned that many producers in the CIS have filled their order books for August following sales to the Middle East, Europe and Latin America. Currently, ex-CIS wire rod offers are mostly for September shipments with prices standing at $615-620/mt FOB, though it is thought that prices may decline to $610/mt FOB for large orders.