According to sources, local producers' domestic
rebar prices in
Italy are currently at €385-395/mt ($408-419/mt) ex-works, indicating a further decline compared to the €400/mt ($424/mt) level seen last week.
Demand is still very weak in the local Italian
rebar market and the recent decrease in local scrap prices has put further negative pressure on
rebar prices. Furthermore,
rebar exports from
Italy to Algeria - the main export market for Italian producers - are still blocked due to the lack of news about the release of
rebar import licenses in Algeria.
€1 = $1.06