In the Italian market, demand for merchant bar has remained at low levels during the past week. Despite the decreases in scrap prices, Italian producers' domestic merchant bar prices have not been impacted in the given week.
After the €100/mt ex-works base price peak registered at the end of April, in the past week producers' base prices have trended sideways in the range of €80-95/mt ($90-106/mt) (*see following note on extras).
*In the Italian market, price extras can vary in the range of €410-610/mt ($459-683/mt) for domestic sales and in the range of €410-620/mt ($459-694/mt) for foreign markets, depending on dimension and product.
€ 1= $1.12