Italian mills have been offering medium sized rebar to their domestic market in a price range of €320-330/mt ($402-415/mt) ex-works, excluding VAT, on actual weight and open account basis. It is observed that the base prices of rebars are currently standing at levels of €110-120/mt ($138-151/mt), down by €20/mt as compared to last week. Meanwhile, it is heard that end-user demand in the local Italian market, which has been at low levels for a long time, has this week shown slight improvements.
€1 = US$1.25648