Softening expected in Spanish rebar export offfers

SteelOrbis has learned from market sources that in the Spanish domestic market rebar prices have remained unchanged since last week at €485-490/mt ($631-637/mt) for deliveries to customer, while Spanish rebar export offers have trended sideways at €455-460/mt ($592-598/mt) FOB. Demand for Spanish rebar has remained weak so far, and so market players expect a softening of €5/mt ($7/mt) in export offers in the coming days.
 
€1 = $1.30