Spanish producers have been offering Spanish origin 12 mm B500S rebar to the local market at around €600/mt ($943/mt) ex-works on actual weight basis with 30-day deferred payment, excluding VAT.
Some of the Spanish producers increased their extras two weeks ago. It is expected that the other producers will increase their extras as of April. The base prices in the local Spanish market are currently at €350-370/mt ($550-582/mt). Local demand is still weak; however, the strong export markets have been providing support for the local prices.