In the local Spanish market, medium sized rebar offers are currently standing in the range of about €365-370/mt ($507-514/mt) delivered to customer, excluding VAT, on actual weight basis and for 15-30 day deferred payments. The Spanish producers have not yet been successful in their efforts to reach the price level of €400/mt ($555/mt).
On the export side, no change has been observed since last week. Price levels are still at around €320/mt ($444/mt) FOB, with demand remaining at low levels.
€1 = US$1.38801