SteelOrbis has been informed that Italian producers' offers for merchant bars of 140 mm and below sizes have been at €460-480/mt ($609-635/mt) ex-works, excluding VAT, on actual weight basis.
The offers of Italian merchant bar mills have decreased by €30/mt ($39/mt) as compared to last month. While it is possible to hear various offer levels in the local Italian market, difficulty with regard to demand continues to be observed.
€1 = US$1.32460