SteelOrbis has been informed that the local prices for medium size rebar in the Italian market currently vary in a range of €750-770/mt ex-works on actual weight basis, excluding VAT, with payment on open account basis.
Due to the lack of briskness in demand in the Italian domestic market in addition to the approaching holidays, rebar prices in this market are continuing to sag. In the current week, base prices for rebar are hovering at around €550/mt in the local Italian market.