According to market sources, Spanish
rebar offers to the export markets have declined by €10/mt ($11/mt) over the past two weeks to €380-385/mt ($422-427/mt) FOB. Market sources state that volume discounts are available on current
rebar price levels. Market sources also state that demand for Spanish
rebar is at very low levels in all export markets particularly due to buyers in Algeria - one of the most important export markets for Spanish
rebar - focusing on Chinese
rebar.
Meanwhile, Italian
rebar offers to the export markets have also declined by €10/mt ($11/mt) in the same period, decreasing to €380-385/mt ($422-427/mt) FOB.
€1 = $1.11