With the support of the rises seen in scrap quotations, CIS-based suppliers’ rebar export offers have increased by $10/mt since June 16 to $425-430/mt FOB. SteelOrbis has been informed that Ukrainian rebar sales to Lebanon are now being concluded in the range of $420-425/mt FOB.
On the other hand, ex-CIS wire rod offers to the export markets have also moved up by $10/mt since June 16, reaching $445-455/mt FOB.