Lively demand for southern European rebar exports

According to market sources, Spanish rebar offers to the export markets have increased by €13/mt ($14/mt) on average over the past week to €315-320/mt ($337-343/mt) FOB, for December shipment. Meanwhile, Italian rebar offers to the export markets have remained stable in the same period at €320-325/mt ($343-348/mt) FOB, for December shipment.
 
Market sources state that buyers in Algeria, Spanish and Italian exporters' most important rebar market, have increased their inquiries and have started to make bookings since they think that prices may increase further in the coming period. In this context, demand for rebar from southern Europe is at decent levels in Algeria, with Algerian buyers concluding ex-Italy rebar deals at €315/mt ($337/mt) FOB after negotiations.   
 
€1 = $1.07