In the Italian domestic market drawing quality wire rod prices are at the range of €380-390/mt ($512-526/mt) and mesh quality wire rod prices are at €370-380/mt ($499-512/mt) - both for delivery to customer. Meanwhile, ex-CIS low carbon wire rod offers to Italy are at the levels of €380-390/mt ($512-526/mt) C&F Italy for March shipment.
This week, since the local Italian market has been indicating a downward trend, local buyers are not leaning towards ex-CIS wire rod offers.
€1 = US$1.348