The price level of mesh quality
wire rod in the local Italian market is at €540-550/mt ($800-815/mt) ex-works for two to three month deferred payment, excluding VAT.
The local
wire rod market in
Italy is not moving on a negative trend at the moment. Moreover, there has been some tightness in supply. Some deals have been concluded at up to $790/mt CFR from
Turkey. However, the rapidly increasing international
wire rod prices may result in an upward trend in the Italian
wire rod market as well.