31
Jan
14:27
Sluggish demand triggers Russia, Egypt rod price fluctuations
Wire rod export prices remain under pressure from weak demand, market participants inform Kallanish.
Values have fluctuated in a $5-10/tonne range depending on the origin. While Russian suppliers achieved a slight increase, Egyptian suppliers offered discounts amid the economic crisis in the country. Algerian exporters are currently absent due to good domestic demand.
Russian suppliers were offering material at $570-580/t fob Black Sea; however, bids and workable…
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Anonymous
Very good overview of the weekly steel market.
Anonymous