Italian rebar producers struggling to raise prices

Thursday, 11 March 2021 17:45:20 (GMT+3)   |   Brescia
       

According to sources, rebar producers are still struggling to get higher prices in the Italian domestic market as demand remains very weak. In the past two weeks, local producers have been offering material at €570-580/mt ex-works, although no orders have been placed at such price levels, and "buyers are slowly collecting the material they ordered previously at prices around €540-550/mt ex-works," one local trader explained. One mill's representative confirmed this situation, saying they are "trying to pass on to rebar prices the recent price increases in scrap, but demand is lacking, and improving our margins has been difficult." Meanwhile, Italian rebar exports are still inactive, depriving Italian producers of an important relief valve for their production. "Some countries, such as Algeria, are now self-sufficient, while others, like Canada, have implemented antidumping duties on Italian rebar," one trader underlined.


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