Spanish mills raise domestic rebar prices, keep export offers stable

SteelOrbis has learned from market sources that rebar demand in the Spanish domestic market is still low. However, local mills have increased their rebar base prices by €10/mt ($14/mt) over the previous week to €285-290/mt ($404-411/mt) ex-works.
 
On the other hand, the rebar export offers of Spanish mills are standing at €505-510/mt ($716-723/mt) FOB on actual weight basis, remaining unchanged as compared to last week, while these producers' offers to the Algerian market are still at €530/mt ($751/mt) CFR.
 
 
€1 = $1.418