According to sources, several Italian rebar producers have no volumes to offer to the export markets currently. However, one producer has been offering material at €715/mt FOB, especially to Cyprus. At the same time, ex-Spain rebar offers have already reached higher levels, i.e., €750/mt FOB. In the past few weeks, supply has also been very low in the Spanish domestic market.
As reported previously, rebar prices in the Italian domestic market have reached €730-740/mt ex-works for 12-mm material, equivalent to €470-480/mt ex-works net of size extras. At least one local mill is out of stocks, sources told SteelOrbis. "Prices will reach €500/mt base ex-works. It's inevitable," said the manager of a local producer, adding, "At this moment, logistics is the key. We have to commit to orders that we are sure we can fulfill."