According to market sources,
rebar prices in the Spanish domestic market have remained unchanged over the past two weeks at €460-470/mt ($626-639/mt) delivered, excluding 21 percent VAT. Meanwhile, ex-
Spain rebar offers have decreased by €10/mt ($14/mt) in the same period and are currently at €430-440/mt ($585-598/mt) FOB.
On the other hand, ex-
Spain rebar offers to
Algeria have softened by €5/mt ($7/mt) over the given period and are now at €455-460/mt ($619-626/mt) CFR. Market sources state that new
rebar deals from
Spain to
Algeria may be concluded this week, while demand for imported
rebar in
Algeria is strongly expected to improve before Ramadan which this year starts at the end of June.