SteelOrbis has been informed that Italian producers' offers for merchant bars of 140 mm and below sizes have been at €490-520/mt ($633-672/mt), while the offers for 80-220 mm IPE have been at €600-650/mt ($775-840/mt). All prices are ex-works, on actual weight basis and excluding VAT.
It is heard in the Italian domestic market that the merchant bar producers in Italy are likely to increase their price levels in the near future against the background of rising scrap costs.
€1 = US$1.2922