Prices increase in the local Italian rebar market

Friday, 16 September 2016 14:55:49 (GMT+3)   |   Brescia
       

Demand in the local Italian rebar market has continued to remain weak over the past week. However, prices, which remained stable at the range of €360-365/mt ($403-409/mt) ex-works in the same period, were expected to move upwards, depending on a better demand and supply balance. As it is expected, some producers hiked local rebar prices up to €385/mt ($431/mt) ex-works and this is considered as a move to avoid possible decreases. However, buyers do not seem interested in this new price level since some of them were able to close deals below €365/mt ($409/mt) ex-works at the beginning of this week.

In the meantime, export offers from Italian producers stand at €370/mt ($414/mt) FOB but the export activity is still limited because of lack of clear information about Algerian import license renewal. Most of licenses expired on August 23 even if some customers were able to get a provisional extension.

€1 = $1.12


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet