Prices fall further in local Italian rebar market

Friday, 06 March 2020 11:07:41 (GMT+3)   |   Brescia
       

Domestic rebar prices have decreased further in Italy in the past week. According to market sources, local prices currently stand at €380-385/mt ex-works, indicating a €10/mt decrease compared to February 28. Expectations for higher prices in February based on a likely rise of scrap prices have been eclipsed in the past few weeks by the coronavirus emergency. Although there are still no significant problems at a logistics level, activities are proceeding slowly. Accordingly, market sources exclude the possibility of a price recovery in the short term.


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