In the Italian domestic rebar market, demand is still low while domestic rebar prices in Italy have seen a downward correction in line with the softening of scrap prices, declining to €520-530/mt ($686-700/mt) ex-works on actual weight basis.
Italian mills' rebar offers to the export markets stand at €520/mt ($686/mt) FOB on actual weight basis, for shipments in late October and early November. However, slightly lower offers are also available in the market.
In the meantime, Italian mills' rebar offers to the Algerian market are at €540-545/mt ($713-719/mt) CFR, on actual weight basis, while it is expected that Algerian buyers will postpone their purchases for a while, since they have high inventory levels.
€1 = $1.32