SteelOrbis has been informed that 80-160 mm sized IPN-UPN offers given by Spanish mills to their local market are standing in a price range of €420-430/mt ($534-547/mt) delivered to customer, excluding VAT, while 80-180 mm sized IPE prices in the local market are at the level of €490-500/mt ($623-636/mt) delivered to customer, excluding VAT. The prices are on actual weight basis and for 15-30 day deferred payments.
In the Spanish domestic market where end-user demand is low, mills' offers have continued to differ depending on customers. Although rumors have been circulating in the market that the producers will lower their prices, this has yet to be happen.
€1 = US$1.27188