According to market sources, Spanish and Italian
rebar offers to the export markets have decreased by €5-10/mt ($5.5-11/mt) over the past week to €325-330/mt ($354-360/mt) FOB, for January shipment. Italian and Spanish
rebar suppliers state that demand in export markets has declined further due to Christmas holiday. Meanwhile, market sources report that an Algerian buyer has concluded a Spanish
rebar deal this week at €325/mt ($354/mt) FOB.
€1 = $1.09