SteelOrbis has been informed that the Spanish mills' offers for medium sized rebars to the local market are currently at the price range of €420-430/mt ($535-548/mt) delivered to customer with open account on actual weight basis. This price range represents an increase of €25-30/mt compared to last week. The rebar base prices in this market are €200/mt ($255/mt) for the time being.
Meanwhile the Spanish mills' offers for medium sized rebars to the export market are currently at the level of €420/mt ($535/mt) CFR Algeria for December shipments.
€1 = US$1.2736