Markets sources state that
rebar prices in the local Spanish market are currently standing at €480-490/mt ($658-671/mt) delivered, indicating a decrease of €5/mt ($7/mt) on the low end over the past week.
Meanwhile, Spanish
rebar export offers are at €460-470/mt ($630-644/mt) FOB. Spanish
rebar offers to
Algeria, on the other hand, can be found at €480-485/mt ($658-664/mt) CFR.
Rebar demand in
Algeria indicates improvement, though buyers in the country have started to put downward pressure on these offers.
€1 = $1.37