In the Italian domestic rebar market, demand is still low while domestic rebar prices in Italy have remained unchanged at €530-540/mt ($726-740/mt) ex-works on actual weight basis.
Italian mills' rebar offers to the export markets have increased by €5/mt ($7/mt) as compared to last week, following transactions made with the support of the weakened euro, reaching to €515-520/mt ($706-712/mt) FOB on actual weight basis. Italian mills' rebar offers to Algeria stand at at the price level of €540-545/mt ($740-747/mt) CFR on actual weight basis. It is reported that some transactions have been concluded at these prices. However, since rebar supplies in Italy are on the short side, Italian rebar export offers are scarce.
€1 = $1.37