SteelOrbis has heard from market insiders that mills in the CIS are still offering mesh quality wire rod to the export markets at the price levels of $590-600/mt FOB Black Sea on actual weight basis and for shipments in March, indicating no changes since last week.
Meanwhile, ex-CIS mesh quality wire rod offers for the Mediterranean region have also remained unchanged at $580-590/mt FOB for March shipments.
Weak wire rod demand in the export markets has prevented prices from moving up, but when demand registers an improvement, as is expected to happen in late March, ex-CIS wire rod offers will likely reach the level of $610/mt FOB.
Ex-CIS wire rod offers remain stable
Marketplace Offers
Wire Rod
Diameter
6.5 - 60 mm
Tedarikçi
BRILLIANCE MAHK IMPORT & EXPORT (SHANGHAI) CO., LIMITED