Rebar price in Spanish market

The price level of AENOR-certificated 12 mm rebar in the local Spanish market is at around Euro 515-520/mt delivered to warehouse, excluding VAT. Producers have increased their base prices to Euro 335-340/mt. Although the trading firms are trying to resist the increases by indicating inadequate demand, the increase in import rebar prices and the upward trend of scrap prices are helping producers pick up their prices.