Markets sources state that Spanish rebar export offers have declined by €10/mt ($14/mt) over the past week and are now at €440-445/mt ($607-614/mt) FOB.
In addition, Spanish rebar offers for Algeria can be found at €470/mt ($648/mt) CFR, indicating a slight decline. Meanwhile, due to their high inventory levels, buyers in Algeria have been postponing new bookings, causing a further softening in ex-Spain rebar offers.
€1 = $1.38
Spanish rebar export offers
Similar articles
US import long steel prices flat in limited trade, global supply chains remain stressed amid Mideast war
02 Apr | Longs and Billet
US domestic long steel prices steady to down as war tensions ease, oil prices volatile
02 Apr | Longs and Billet
Romanian rebar market firms up amid higher import offers, cost pressure, better activity
02 Apr | Longs and Billet
UAE retail rebar prices move up in April amid cost pressures, demand still slow
02 Apr | Longs and Billet
Billet price uptrend in Turkey confirmed by Kardemir sales and deals in other regions
01 Apr | Longs and Billet