SteelOrbis has been informed that the local mills in Israel are offering rebars to their domestic market at the price range of $540-550/mt ex-works on actual weight basis, excluding 15.5 percent VAT, for cash payment.
Local production rebar prices in Israel are hovering at low levels due to the fact that Turkish rebar producers have been offering rebars to this country at the price range of $520-530/mt CFR Israel and also due to the lack of end-user demand activity in this country.