At the end of the SteelOrbis 2026 Spring Conference & 94th IREPAS Meeting held in Amsterdam on April 26-28, the European longs market has remained almost unchanged, waiting to monitor developments regarding the costs of scrap, energy and other raw materials, with the prospect of asking for further increases in the next round of deals.
In the local rebar market in Italy, the prices reported last week by SteelOrbis seem to be holding up, in particular around the threshold of €440/mt ex-works base (€700/mt ex-works), but market players continue to report an overall weakness in demand. Despite this, producers would like to aim for further increases in the coming weeks, up to at least €450/mt ex-works base (€710/mt ex-works), or even higher.
Export demand for Italian rebar, on the other hand, seems to be livelier. In fact, sales to Greece have been reported at around €630/mt FOB against the previous €605/mt FOB, up by €25/mt. Although export demand seems to be better than domestic demand at the moment, at least in Italy, "the logistics problem remains very relevant," said a source at an Italian mill.
In the import market, on the other hand, offers from Turkey and Egypt have recorded slight declines due to the lack of demand from key destination markets in the European Union. Rebar prices from Turkey have been reported at €550-570/mt CFR, down €5/mt week on week in the lower end of the range, but up €5/mt on the higher end compared to the same period. As for wire rod, this week's levels have been reported at €560-570/mt CFR, also down €5/mt on the lower end of the range week on week. Prices from Egypt have been reported at €545-550/mt CFR for rebar and around €560/mt CFR for wire rod, down by €10-15/mt and €5/mt week on week, respectively.
As for other markets, SteelOrbis has not received any relevant update by the time of publication, but it is safe to assume that - at least for European domestic markets - further price increases may be observed in the next deals due to the upward pressure on scrap prices and the prolonged uncertainty regarding the Middle East conflict.
€1 = $1.17
