Spanish producers have been offering Spanish origin 12 mm B500S rebar to the local market at €680-690/mt ($1,084-1,100/mt) ex-works on actual weight basis with 30-day deferred payment, excluding VAT.
Spanish producers are continuing to raise their prices. The base prices in transactions are at €440-450/mt ($701-717/mt). Some mills with full order books are offering at €470/mt ($749/mt). However, no deals have been concluded at this level. Although demand is not strong, prices in the local Spanish market are increasing due to the low stock levels and the rising scrap prices in the European domestic markets.