BMZ further reduces its rebar export offers for March output

SteelOrbis has been informed that Belarus-based Byelorussian Steel Works (BMZ) has reduced its rebar export offers by a further $10/mt over the past week to $390/mt FOB for March production amid a lack of demand, after the $20/mt cut announced by the steelmaker on February 19. However, buyers in the foreign markets are still waiting for further price reductions.