Spanish mills complete rebar export sales for December

SteelOrbis has learned from market sources that Spanish rebar export offers are currently standing at €460-470/mt ($625-638/mt) FOB, while a total of 70,000-80,000 mt of Spanish rebar has been sold to Algeria in the past two weeks at €475-485/mt ($645-659/mt) CFR. As a result, having concluded most of their rebar export sales for December, it is reported that Spanish mills' rebar inventories have been depleted.
 
€1 = $1.358