Spanish mills focus on domestic market

In the Spanish domestic rebar market, which is still in its holiday period, low rebar demand has led mills to operate at low production capacity utilization rates. Because of the strong prices in the domestic market, Spanish mills are focusing on the local market instead of on exports. Local rebar prices in Spain are at €560-570/mt ($806-819/mt) on actual weight basis, for deliveries to customer.
 
In the meantime, Spanish mills' rebar export offers stand at €510-515/mt ($733-740/mt) FOB on actual weight basis.
 
In the Algerian market, buyers continue to make inquiries, but they are not buying for the moment. However, it is expected that they will start buying next week for the end of Ramadan. Rebar prices offered to the Algerian market are at €535-540/mt ($769-776/mt) CFR on actual weight basis. 
 
€1 = $1.44