Export prices for Southern Europe-origin rebar have held steady this week with prices remaining too high for customers in Algeria, market sources told Metal Bulletin on Wednesday February 28.
Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?480-490 ($590-602) per tonne fob main ports on Wednesday, unchanged week-on-week.Mills in Italy and Spain have seen their lead times come down over recent weeks, with stock levels rising as a consequence, sources said."Frankly, they haven't sold much for export. I think ?,?480 per tonne fob or a bit lower is possible [when making deals]," one trader said."Some can ship material by the end of March [but] they should have lead...