Domestic prices in Italy for drawing quality wire rod (low carbon) are at €460/mt ($501/mt) delivered to customer, excluding 22 percent VAT, indicating a decrease compared to the €470-480/mt ($512-523/mt) levels recorded between mid-March and mid-April. Meanwhile, mesh quality wire rod prices are now at €420-430/mt ($458-469/mt) delivered. According to market sources, demand is weak, especially for mesh quality wire rod, due to sluggish construction activity.
€1 = $1.09