CIS wire rod mills focus on European markets

SteelOrbis has been informed by market sources that after the holiday period CIS wire rod mills have announced their new export offers, with their new prices in the range of $565-570/mt FOB Black Sea. Meanwhile, CIS mills are also occasionally offering wire rod at $560/mt FOB, depending on order sizes and buyers, while an ex-CIS wire rod deal has been concluded to North Africa at price levels of $561-565/mt FOB Black Sea.
 
Market players indicate that demand for ex-CIS wire rod in the North African markets is on the low side at the moment and so CIS mills have been focusing on the European markets, where interest is stronger, at the level of $600/mt DAP.