The price level of AENOR-certificated B500S 12 mm rebar in the local Spanish market is at €620-630/mt delivered to warehouse, excluding VAT.
Base prices remain at around €400-410/mt. The market is still good for producers. Trading firms, which delayed their purchases due to the decrease in US and CIS scrap and billet prices, may return to the market as purchasers since the scrap and billet markets have rallied again.