The price level of mesh quality wire rod in the local Italian market is at around €450/mt ($614/mt) ex-works, on actual weight basis with 60-day open account, excluding VAT.
The Italian wire rod market is also weak. According to reports, there are huge quantities of goods, mostly of Chinese origin, at the ports. Chinese origin offers, which increased to €480/mt ($655/mt) CFR following the implementation of that country's export tax, remain out of the market.