It is observed that Spanish rebar producers have continued to receive weak demand from the international markets over the past week, with market sources stating that Spanish rebar mills are finding it hard to compete with their global counterparts. On the other hand, Spanish rebar producers have kept their export offers stable week on week at €470-480/mt ($536-547/mt) FOB due to their high-priced raw material inventories.
€1 = $1.14