According to market sources,
Spain's
rebar export offers have moved down by €5/mt ($6/mt) over the past two weeks to €425-430/mt ($540-546/mt) FOB. Demand for Spanish
rebar on the export side is slack and this slackness may drag these offers down further.
On the other hand, Spanish
rebar offers for
Algeria are standing at €450/mt ($572/mt) CFR, softening by €5/mt ($6/mt) over the same period. However, Algerian buyers are asking for a price at €445/mt ($565/mt) CFR and so they are postponing their bookings for now.
€1 = $1.27