According to market sources, Spanish
rebar offers to the export markets have declined by €5/mt ($6/mt) during the past week to the range of €390-395/mt ($429-435/mt) FOB, for August shipment. Meanwhile, market sources state that volume discounts are available on current
rebar price levels.
Meanwhile, Italian
rebar offers to the export markets have also declined by €5/mt ($6/mt) to the range of €390-395/mt ($429-435/mt) FOB during the past week, for August shipment. Although demand for European
rebar is currently very weak, market sources state that European
rebar offers have been accepted in some Central African countries after Ramadan. On the other hand, the volume of offers from southern Europe has declined due to the traditional summer offseason.
€1 = $1.10