SteelOrbis has been informed by market sources that ex-CIS offers for mesh quality wire rod have remained unchanged since last week and are still standing at $600-605/mt FOB Black Sea.
In the meantime, CIS wire rod offers to Turkey are currently standing at $615-620/mt CFR. Turkish buyers had turned towards the CIS, especially to Ukraine, for their wire rod needs when wire rod supplies were on the short side during the production halt at Isdemir, Iskenderun-based subsidiary of Turkey's largest steel group Erdemir, caused by a strike between July 15 and August 5.
Market sources have told SteelOrbis that CIS wire rod prices may see some upticks and buyers are expected to decide whether to replenish their inventories only after the market situation gains more clarity.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.