SteelOrbis has been informed that ex-China rebars are currently being offered to India by traders at $475/mt CFR. Meanwhile, current ex-CIS 12-32 mm rebar offers stand at slightly below $475/mt CFR India, whereas ex-Turkey rebar offers are in the range of $500-505/mt CFR India.
It is reported that the above offers are not gaining much traction, as local Indian rebar prices are expected to decline.