Slower purchase activity in Spanish rebar market

Friday, 20 December 2013 12:30:32 (GMT+3)   |   Istanbul
       

 

Markets sources state that rebar prices in the local Spanish market are currently standing at €485-490/mt ($660-666/mt) delivered, indicating a decrease of €5/mt ($7/mt) over the past two weeks.

Meanwhile, Spanish rebar export offers have increased by €5/mt ($7/mt) since last week and are now at €465-470/mt ($632-639/mt) FOB. Market sources state that purchasing activity in the Spanish rebar market has slowed down due to the approach of the year-end and buyers' higher stocks.

€1 = $1.36

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   


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