After reducing their rebar export price offers last week having previously for some time sought to keep them stable, it is observed that this week Greek rebar mills are struggling to make sense of developments in the international markets. While Greek producers are trying to gain a clearer perspective by monitoring developments, lower Greek rebar offers are observed in the international markets as compared to last week. It is heard that Greek rebar export prices, which were at €490-495/mt FOB last week, have declined even below €490/mt ($554/mt) FOB in the current week.
€1 = $1.13