Spanish rebar prices show some softening

In the Spanish domestic rebar market, where the summer holiday is about to end, demand is still low. Local rebar prices in Spain indicate signs of softening and now are at €560-570/mt ($810-825/mt) on actual weight basis, for deliveries to customer.
 
In the meantime, Spanish mills' rebar export offers are still at €510-515/mt ($738-745/mt) FOB on actual weight basis. Although Algerian buyers are still making inquiries to Spain and have concluded some small volume transactions, they prefer to wait until the end of Ramadan. SteelOrbis has learned that rebar offers to Algerian market are at €535-540/mt ($774-781/mt) CFR on actual weight basis
 
€1 = $1.45