The latest billet sales prices for rebar production in the local Italian market are currently at €570-580/mt ($886-901/mt) delivered to rolling mill in northern Italy on two to three month open account basis, excluding VAT. It is being rumored in the market that the mills are pushing for the price level of €590/mt ($917/mt), also delivered to rolling mill in northern Italy on two to three month open account basis, excluding VAT.
On the other hand, the buyers consider that the offers being given from both the CIS and Turkey are at high levels.