In the Italian domestic rebar market, demand is still low while rebar purchases are in small volumes. In Italy rebar prices remained unchanged from last week's levels at €520-530/mt ($707-721/mt) ex-works on actual weight basis.
Italian mills' rebar offers to the export markets have decreased by €5/mt to €515/mt ($700/mt) FOB on actual weight basis, for shipments in late October and early November. Lower offers are also available in the market; however, there are fewer price inquiries in the market due to the trend of the euro-dollar exchange rate.
In the meantime, Italian mills' rebar offers to the Algerian market are at €540 ($738/mt) CFR, on actual weight basis, however Algerian buyers are not in a hurry to conclude bookings, since they have high inventory levels due to the purchases realized 15-20 days ago.
€1 = $1.36