Local Italian rebar prices unchanged, export situation uncertain

Thursday, 25 February 2016 16:34:07 (GMT+3)   |   Brescia
       

As SteelOrbis reported one week ago, some Italian rebar producers tried to increase their prices in the local market by €20/mt ($22/mt) but because of very low demand they were not able to gain the acceptance of buyers. Accordingly, the producers' local prices have remained at the level of €315/mt (347$/mt) ex-works.

As for the export market, the situation remains difficult both because of the failure to issue import licenses in Algeria against the backdrop of the new quota on rebar imports and due to conflicting reports in Algeria regarding free trade agreements between Algeria and the European Union and Arab countries. The Algerian government in January this year had set quotas for the imports according to which in 2016 it would limit rebar imports to 2 million metric tons.

Although exports still remain blocked, sources close to SteelOrbis have indicated that in recent weeks some Italian producers have managed to sell rebar to certain traders at €320/mt (352$/mt) FOB.

€1= $1.10


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 26, 2024

26 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 25, 2024

25 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 22, 2024 

22 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 21, 2024 

21 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 20, 2024 

20 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 19, 2024 

19 Mar | Longs and Billet

Major steel and raw material futures prices in China – March 18, 2024 

18 Mar | Longs and Billet