Portuguese rebar market still stagnant

Tuesday, 29 May 2012 14:27:09 (GMT+3)   |  
       

As SteelOrbis has heard from market insiders, rebar offers from Spain to the Portuguese domestic market have remained unchanged as compared to last week and are still at the level of €545/mt ($687/mt) for delivery to customer, on actual weight basis and for 60-day deferred payments. Demand in the Portuguese domestic market has remained stagnant, and this situation is expected to continue in line with the debt crisis in the euro zone.  
 
€1 = $ 1.26

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