Rebar transaction activity is slow in the Italian domestic market due to the beginning of the summer holidays. While rebar supplies are still low in the Italian domestic market, local rebar prices have remained unchanged at €540-550/mt ($767-781/mt) on actual weight basis, for deliveries to customer.
In the meantime, SteelOrbis has learned Italian rolling mills' rebar offers to the export markets still stand at €510/mt ($724/mt) FOB on actual weight basis. In Algeria, the major export market of Italian rolling mills, buyers are still making inquiries; however, they are not active in rebar bookings due to Ramadan. Nevertheless, Italian mills' rebar offers to Algeria still stand at €535/mt ($760/mt) CFR, though offers are scarce.
€1= $1.42