International scrap prices, weak domestic and external demand, a slight decline in steel prices in Spain over the past two weeks.
 
Early June, the steel had tried to raise prices slightly, but failed to achieve. Spain rebar price quote has been the target of June this week 540 euros / tonne to 525 euros / ton. However, the steel mills in July and August, the annual maintenance shutdown will help balance the market supply and demand relationship, expected steel prices may rebound by the end of August. At the same time, Spain's main export market in the coming weeks Algeria orders may be increased, mainly due to the traders will begin sales for the month of Ramadan after stocking. Exporters, said rolled steel exports in August, Algeria target price of 650-655 U.S. dollars / ton (CFR), or about 500 euros / ton (FOB).
 
Spain scrap prices fell about 40 euros / ton in the past month and a half, is expected the next two weeks will be dropped by another 10 euros / ton, the recent steel prices face further downward pressure.



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