CIS exporters of rebar and wire rod increased their offers in the week ending Monday April 30, on improving demand and low stocks in the global market, and in China in particular.
"At the moment we see an increase in demand in the major sales outlets. Stocks of material are minimal and there is already a [shortage] in the markets," a producing source told Metal Bulletin. Metal Bulletin's weekly price assessment for CIS wire rod exports was $590-610 per tonne fob Black Sea on April 30, compared with $580-605 per...