Local rebar prices in Israel

SteelOrbis has been informed that Israeli mills are offering rebars to their local market at the level of $510-520/mt ex-works, excluding 15.5 percent VAT, on actual weight basis for cash payments. In the Israel's domestic rebar market end-user demand is not at low levels; however, due to the decreasing scrap and billet prices in the international markets, local production rebar prices are not showing a strong trend in this country.