SteelOrbis has learned that Italian steel producers are now offering rebar to the Algerian market in the range of €450-460/mt ($513-524/mt) FOB for June delivery, raising their prices by €25-30/mt ($29-34/mt) since last week.
In the meantime, demand for Italian rebar from the export markets remains at low-to-medium levels.
€1 = $1.14