Flats market in Spain

The latest prices announced by ArcelorMittal in the Spanish domestic market were at the level of €650/mt ex-works. Currently, HRC sales for July/August shipments are being concluded in the base price range of €740-750/mt ex-works. The prevalent expectation is that the Spanish producers will hike their local prices by €50-80/mt. The domestic buyers prefer buying materials from the local producers. Meanwhile, ex-Brazil HRC offers were last week standing in a range of €740-750/mt CFR. It is also reported that there are some offers given for previously taken positions.