The local Italian
rebar market is still under pressure. As sales volumes are very low, domestic
rebar prices have decreased by €5-10/mt in the past week to €360/mt ($403/mt) ex-works. Meanwhile, there is still no news concerning the release of
rebar import licenses in Algeria. As a result, Italian
rebar producers continue to struggle given the absence of their most important export market.
€1 = $1.12