Although domestic rebar prices in Spain increased last week, the new price levels have gained acceptance in the current week. Also, demand in the local Spanish rebar market has improved further over the past week. According to market sources, Spanish rebar buyers want to complete their inventories, and so have accelerated their restocking activities. On the other hand, SteelOrbis has been informed that Spanish rebar producers are happy with the current strong demand, while they have kept their domestic rebar offers stable week on week at €510-520/mt ($597-608/mt) delivered to customer.
€1 = $1.17