Ex-CIS long steel prices move down

With the influence of the declines recorded in global raw material and billet prices, CIS-based suppliers’ long steel export quotations have also moved down. As a result, ex-CIS rebar export prices have declined by $5/mt on the lower end week on week to $545-560/mt FOB, while ex-CIS wire rod export quotations have decreased by an average of $12.5/mt week on week to $560-580/mt FOB.