SteelOrbis has been informed that merchant bar offers given from Italy for export are around the level of €370/mt ($549/mt) FOB on actual weight basis. Meanwhile, mills' local price levels are at €380-390/mt ($564-579/mt) ex-works on open account basis. Demand for merchant bar in the Italian domestic and export markets is currently at low levels. Also, prices have been showing variation depending on customer, tonnage and payment terms.
€1 = US$1.4837