In the Italian domestic rebar market, demand is significantly low after the summer holiday. Domestic rebar prices in Italy have shown some softening and are now standing at €530-540/mt ($742-756/mt) ex-works on actual weight basis.
Italian mills' rebar offers to the export markets are still at €510/mt ($714/mt) FOB on actual weight basis, while their rebar offers to the Algerian market are at €535/mt ($749/mt) CFR. However, Algerian buyers are still delaying their bookings.
€1 = $1.4