The Commonwealth of Independent States' (CIS) billet export prices increased following a couple of Black Sea cargoes reportedly sold to Turkey, sources told Fastmarkets on Monday October 18.
Rebar and wire rod export prices from the Commonwealth of Independent States surged in the week to Monday May 17, supported by rising raw material costs, higher export prices in China, and increasing domestic prices in Russia.
Rebar and wire rod export prices from the Commonwealth of Independent States increased significantly over the past week, supported by favorable market conditions due to strong domestic demand in Russia, higher prices from competitors - particularly Turkey - and increased global scrap costs.
CIS export rebar and wire rods increased during the week ending April 26, sources said.
Prices in the Russian rebar market increased with increasing offers from manufacturers, due to good demand from end users.
The price of Russian flat steel has risen over the past seven days, supported by a good export market and good consumer demand.
Prices in the CIS export billet market remained stable during the week ending April 23.
CIS pig iron exports rose again during the week ending April 22 due to new sales to Italy and Turkey, but again sales to the United States were not reported.
The upward trend in export prices of CIS flat steel products continued during the week ending April 19.
The flat steel market in Russia has risen with new offers, with significant support from the export market and good sales.
Export offer prices for steel rebar and wire rod from Russia have fallen slightly amid limited sales opportunities, Fastmarkets heard on Tuesday April 20.