SteelOrbis has been informed by market sources that November production mesh quality wire rod export offers from the CIS have increased by $5/mt since last week and are now standing at $575-580/mt FOB Black Sea ports.
Despite the upward trend in scrap prices, further price increases are not an option for wire rod producers from CIS amid current competitive market conditions with many wire rod suppliers in the global market, especially suppliers from China.
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.