SteelOrbis has been informed that merchant bar prices in the local Italian market are currently at €50-60/mt ($53-63/mt) ex-works after bottoming at €5-10/mt in October. The rising trend of domestic merchant bar quotations in Italy has been sustained by raw material costs while demand remains at low-to-medium levels.
*In the Italian market, price extras can vary in the range of €410-610/mt ($431-641/mt) for domestic sales and in the range of €410-620/mt ($431-651/mt) for foreign markets, depending on dimension and product.
€1 = $1.05