SteelOrbis has been heard from market sources that Turkish
rebar offers to
Lebanon can be found at $585/mt FOB, while Chinese
rebar offers to the same destination are at $550/mt CFR. Lebanese buyers'
rebar stocks are on the high end due to the large volume of purchases from
China, and so demand for
rebar at the moment is not strong. 70 percent of
rebar purchases in the Lebanese market is from
China, with the remainder from
Turkey and the CIS region. Meanwhile, the increased political tension in the region has hindered any improvement in construction activities.