Markets sources state that Spanish
rebar export offers have declined by €10/mt ($14/mt) over the past week and are now at €440-445/mt ($607-614/mt) FOB.
In addition, Spanish
rebar offers for Algeria can be found at €470/mt ($648/mt) CFR, indicating a slight decline. Meanwhile, due to their high inventory levels, buyers in Algeria have been postponing new bookings, causing a further softening in ex-
Spain rebar offers.
€1 = $1.38