Merchant bar prices in the Spanish domestic market have softened compared to last month. It is heard that the demand is considerably weak in the market and the traders (who have previously taken position) are offering IPNs and IPEs to the local market at the prices lower compared to the below price levels. The price levels of IPN and IPE in the Spanish domestic market are as follows:
IPN
80 mm | €830/mt |
100-180 mm | €820/mt |
IPE:
80 mm | €950/mt |
100-160 mm | €940/mt |
180-220 mm | €950/mt |
All prices are ex-works, excluding VAT, on actual weight basis and with two-to-three months deferred payment.
€1 = US$1.450