According to reports by local operators, in the Italian domestic market drawing quality
wire rod prices are at €480-500/mt ($619-645/mt) delivered to customer, showing a drop of €10-20/mt ($13-26/mt) compared to about 10 days ago. Local demand continues to be unsatisfactory.
Meanwhile, there is also little demand in the export market, where offers of Italian
wire rod producers to
Algeria are standing at €460-465/mt ($593-599/mt) FOB.
€1 = $1.289