The Spanish rebar market is returning slowly from the summer holiday and rebar demand in the country is still quiet, with buyers preferring to monitor the market price levels. Domestic rebar prices in Spain stand at €560-570/mt ($805-819/mt) on actual weight basis, for deliveries to customer.
In the meantime, Spanish mills' rebar export offers stand at €510-515/mt ($733-740/mt) FOB on actual weight basis. SteelOrbis has learned that rebar offers to the Algerian market are at €535-540/mt ($768-776/mt) CFR on actual weight basis.
€1 = $1.44