Local prices for medium size rebar in the Greek domestic market are at the levels of €420-430/mt ($617-631/mt) delivered to customer, excluding VAT, on actual weight basis and for 90-day deferred payments. Approaching the local elections in Greece, demand is on a weak trend is the domestic rebar market, while the range of local prices has started to narrow.
Meanwhile, some softening has been experienced on the export side. Greek mills' rebar export offers are currently standing at around the level of €370/mt ($543/mt) FOB.
€1 = US$1.46789