Ukrainian rebar for export

Ukrainian origin rebars are being offered for export at $425-430/mt FOB on actual weight basis for June shipment. Prices remained unchanged compared to last week. Rebar sales were concluded at $425/mt FOB to Middle East. Ukrainian origin rebar appears to have an advantageous position especially in the Algerian market. Ukraine's strong domestic market, the robust demand in Middle East and Northern Africa and the increases in scrap market may cause an increase in prices.