All quiet in Greek rebar market

The Greek parliament's approval of tight austerity measures as the price of a €130 billion ($172 billion) bailout by the European Union and the IMF has had a further dampening effect on the country's rebar market, which had already been sluggish for quite a while due to ongoing economic uncertainty and harsh winter conditions.
 
As SteelOrbis previously reported, last week local rebar prices in Greece were standing at €550-600/mt ($726-792/mt) on actual weight basis, for deliveries to customer and 15-day deferred or advance payments, exclusive of VAT, while prices were higher for 70 to 80-day deferred payments. However, after the latest developments in the country, no price or new offer/transaction has been heard so far at the beginning of the current week.
 
€1= $1.32