SteelOrbis has been informed by market sources that mesh quality wire rod export offers from the CIS have remained unchanged since last week and are still standing at $575-580/mt FOB Black Sea ports. Market sources state that a vast variety of wire rod offers from China, the CIS and Turkey has resulted in heightened competition between suppliers and this has prevented CIS suppliers from increasing their offers.
It is thought that an upward price movement is unlikely in the current market conditions, but that prices may increase when buyers start to replenish their inventories ahead of the winter.
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.