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    CIS LONG STEEL: Wire rod prices show wide variation by market

    شناسه : 49539 26 خرداد 1400 - 13:30

    Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.

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    Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.

    Ukraine still has a significant quota volume available for second-quarter imports into Europe (27.52% or 69,502 tonnes remaining), and one supplier from the country offered material at $860-870 per tonne fob Black Sea, unchanged week on week. Some sales were reported within that price range.
    Meanwhile, official offers from one Russian mill were heard as high as $850 per tonne fob, up by $20 per tonne week on week. But customers refrained from booking Russian material because the country’s EU import quota was almost filled and anything above the quota would be subject to a tariff.
    “I’m not looking for imports now,” a Europe-based customer said, referring to the quota for Russian and Turkish imports into the EU and the comparatively high prices from Ukrainian mills.
    Turkey-origin wire rod was available for foreign customers at $820-830 per tonne fob early this week, compared with $835-840 at the end of last week.
    Several traders, meanwhile, reported that the Russian mill mentioned above was offering wire rod at $805-810 per tonne in the second half of last week, and at $810-815 per tonne early this week, amid a need for orders.
    A third trader reported a booking from the same mill at $800 per tonne fob on Friday. This material was destined for central America, he added.
    A fourth trader, who traditionally sells material to East and West Africa, said that the workable price for Ukraine-origin material was $820 per tonne fob.
    Another Russian mill said that it was not interested in the export market due to high prices in its local market.
    Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), export, fob Black Sea, CIS, was $800-870 per tonne on June 14, widening from $840-860 per tonne last week.

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