While domestic producers'
rebar prices were at €400-410/mt ex-works in the Italian market one week ago, most producers are now offering their products at the higher range of €405-415/mt ($429-440/mt) ex-works. According to market sources, at least one local producer has started offering
rebar at €425-440/mt ($451-466/mt) ex-works, but buyers have not accepted such price levels.
Due to the recent increases in local scrap prices, other Italian producers are ready to increase their
rebar prices in the coming days, but demand in the local Italian
rebar market is extremely weak and will not be able to support any significant price increases. According to sources, domestic
rebar prices in
Italy are going to increase only with the recovery of export activities, which will depend on the renewal of
rebar import licenses in Algeria. Sources expect the renewal of import
rebar licenses to be announced in February.
€1 = $1.06