Last week, the low carbon
wire rod export offers of
CIS producers indicated a decrease of $15/mt, with prices softening to $660-675/mt FOB for May and June shipments. While ex-
CIS wire rod offers had been anticipated to soften further after this decline, on the contrary
CIS wire rod mills have succeeded in maintaining last week's price levels.
While
wire rod deals have been concluded from the
CIS to other markets at around the lower end of the above price range, some
wire rod transactions were concluded to
Africa last week at $675/mt FOB and this has helped
CIS producers to keep their prices stable. According to market sources,
CIS wire rod producers may revise their quotations downward in parallel with Turkish
wire rod export offers in the coming days.