10 days ago, Italian producers' domestic billet prices were at €390-400/mt ($437-448/mt) ex-works, while they are now €25-30/mt ($28-34/mt) lower. Meanwhile, with the recent decreases in scrap prices, buyers of billet in Italy remain in wait-and-see mode.
On the export side, Italian producers' billet offers stand at €405-410/mt ($454-459/mt) FOB.
€1 = $1,12