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07 Jul

Spain’s rebar prices rebound, scrap seen falling

Rebar prices have begun to recover in Spain after losing more than €50/tonne ($54.4/t) since May. The rebound is thought to be a measure by mills to bolster the market before their upcoming maintenance stops, amid stagnant international demand and uncertainty in the domestic construction sector, sources tell Kallanish. “Last week, Megasa raised its price by almost €10-15/t for 16mm rebar. It was understood that the other main market playe…
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