Italian rebar prices trend sideways

Friday, 25 May 2012 16:52:20 (GMT+3)   |  
       

SteelOrbis has learned that in the Italian domestic market rebar base prices are still standing at €270/mt ($338/mt) ex-works, remaining unchanged since last week. While there may be discounts of €5-10/mt ($6-13/mt) in the transaction phase, official offers are unlikely to fall given the support of scrap prices.
 
Meanwhile, on the export side, Italian rebar offers are at €510/mt ($638/mt) FOB. The main Italian producers have so far done a fairly good job filling their order books for June, though there is a lack of optimism for the end of June due to the approach of Ramadan.
 
€1 = $1.25

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