According to market sources, Spanish rebar offers to the export markets have remained unchanged over the past week at €310-315/mt ($357-362/mt) FOB, for November shipment. Spanish rebar exporters state that demand for Spanish rebar is still slack in the export markets.
Meanwhile, Italian rebar offers to the export markets have also remained stable in the same period at €310-315/mt ($357-362/mt) FOB, for November shipment.
Market sources state that transaction activity has significantly slowed down in Algeria, one of the most important rebar export destinations of Spanish and Italian exporters, while buyers are postponing their bookings due to the possibility of price decreases.
€1 = $1.15