Ukrainian WR export offers

SteelOrbis has heard that after the increase recorded last week; export offers of Ukrainian origin mesh quality wire rods remained almost unchanged at $470-480/mt FOB St Black Sea port on actual weight basis via sight L/C this week, for July production. Market is strong in Gulf and Middle East; however, Pakistani and Indian markets are very weak in contrast with the strong situation worldwide. One of the significant reasons of this can be outbreak of monsoon rains. The counter proposals given from these areas are far lower than the offers given from Ukraine. It is heard that even some Indian producers may reduce their prices in the coming days.