According to market sources, Italian
rebar offers to the export markets have remained unchanged over the past two weeks in the range of €420-425/mt ($475-480/mt) FOB, while an ex-
Italy deal to
Algeria was heard yesterday, May 6, for 5,000 mt
rebar at $418/mt FOB. Algerian buyers have accelerated their purchases since they believe prices will increase before Ramadan which this year starts on June 18.
On the other hand, Spanish
rebar offers to the export markets have remained unchanged over the past two weeks in the range of €420-425/mt ($475-480/mt) FOB.
€1 = $1.13