SteelOrbis has learned that in the Italian domestic market base prices of rebar still stand at €300-310/mt ($428-442/mt) ex-works, on actual weight basis. Following the previous week' price extras increase, traders now prefer to wait and watch market developments, since they had already concluded some transactions prior to the increase in price extras.
On the other hand, Italian rolling mills' rebar offers to the export markets stand at €515/mt ($735/mt) FOB on actual weight basis. Italian rebar export offers to Algeria stand at €535/mt ($764/mt) CFR. However, as Algerian buyers are waiting for cargoes from previously concluded transactions to arrive, they are not in any rush to conclude new bookings.
€1= $1.427