Rebar demand has not yet improved in the local Italian market. However, domestic rebar prices in Italy have not decreased further in the past week, staying in the range of €470-480/mt ($578-590/mt) ex-works. According to market sources, not only purchases are lacking, but also negotiation activity, while the construction sector in Italy, after a disappointing 2017, is still struggling to see a recovery.
€1 = $1.23