Ukrainian WR for Eastern Europe

The latest wire rod sales of Ukrainian mills concluded to Eastern Europe are at $470-480/mt DAF on actual weight basis. Although domestic prices have slowed down, the most attractive market for Ukrainian long product producers is still Russia. Consequently, Ukrainian producers are exporting most of their goods to Russia. It has been heard that Ukrainian rebar prices have risen and are forcing $500/mt FOB levels. However, Ukrainian producers are not able to make offers at these levels to the Middle East and Europe as they have to compete with Turkish and Egyptian producers in these regions.