The Italian mills are offering medium size rebars to the local market at price levels of €800 delivered to customer, with two to three-month open account, excluding VAT.
Meanwhile, the price level of mesh quality wire rod in the local Italian market is at €800/mt, also delivered to customer, with two to three-month open account, excluding VAT.
The prices of rebar and wire rod in question represent an increase of almost €50/mt within the space of a few days. It is also reported that there are no buyers as customers are afraid of purchasing any quantities.