Spanish rebar prices still stand at same levels

In the Spanish domestic rebar market, buyers are not active due to the holiday season. Local rebar prices in Spain are still standing at €560-570/mt ($797-810/mt) on actual weight basis, for deliveries to customer.
 
In the meantime, Spanish mills' rebar export offers are still at €510-515/mt ($727-734/mt) FOB on actual weight basis. Although Algerian buyers are making inquiries to Spain, they are not buying for the time being because of Ramadan. SteelOrbis has learned that Spanish rebar offers to the Algerian market are at €535-540/mt ($763-770/mt) CFR on actual weight basis
 
€1 = $1.426