SteelOrbis has been informed that the price offers for small and medium size merchant bars in the local Italian market vary in a range of €860-890/mt ex-works, excluding VAT on actual weight basis.
Looking at the abovementioned prices, it is seen that the slight softening in scrap prices in recent days has not been reflected in the finished product prices to the same degree. It is reported that the merchant bar prices in question are expected to maintain their current levels till August, the month when most southern European countries are on their summer holidays.