Rebar prices stable in Spanish rebar market, trading volume poor

This week, in the Spanish rebar market both domestic and export prices have remained unchanged since last week, while demand is still low. Due to unfavorable market conditions, such as weak demand and the low trading volume in the European markets, prices are expected to maintain their current levels in the next week.
 
SteelOrbis has learned from market sources that in the Spanish rebar market prices are still at €520-525/mt ($697-704/mt) for deliveries to customer, while Spanish rebar export offers are being quoted at €475-485/mt ($637-650/mt) FOB. In addition, Spanish rebar offers to Portugal are at  €475-480/mt ($637-650/mt) delivered to customer.
 
On the other hand, ex-Italy rebar offers are also unchanged at €470-480/mt ($630-643/mt) FOB.
 
€1 = $1.34