Today, 8 October, Italian rebar producers are attempting to raise domestic prices, according to market sources. The domestic mills are looking for prices €30-40/mt higher than those that had been reached in recent days, i.e., at about €720-730/mt instead of €680-690/mt, all ex-works.
Since the beginning of September, rebar prices have fallen by €70-80/mt in Italy due to the slowdown of demand and the sharp drop in scrap prices. Some producers have recently resorted to production stoppages due to both the cooling of market activities and the surge in the costs of energy. The sharp rise in costs is said to be the main reason for the above-mentioned price increases. "We will see if the producers succeed in their intentions," one local trader commented.