Latest situation in Italy’s rebar market

Thursday, 16 April 2009 10:58:05 (GMT+3)   |  
In the Italian domestic rebar market base prices of rebars are at the levels of €140-150/mt ($185-197/mt), while medium sized rebar prices are this week in the range of €350-360/mt ($461-475/mt) ex-works, excluding VAT, on actual weight and open account basis. Influenced by scrap prices, local rebar prices have following an increasing course in recent weeks in the Italian domestic market where demand has shown some recovery.

Meanwhile, Italian mills are offering rebars to the export markets at price levels of around €340/mt ($448/mt) FOB on actual weight basis.

€1 = US$1.31834

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