The price level of rebar in the local Italian market is at around €470-485/mt ($638-658/mt) delivered to warehouse in northern Italy, on actual weight basis with 60-day open account, excluding VAT.
Domestic rebar prices in the Italian market have risen slightly. Producers' base prices for the domestic market are currently at €270-275/mt ($366-373/mt). Although prices are firm, demand is not at the desired level. The market situation has not yet become fully clear as it is still early days after the holiday return. However, demand is expected to revive in the coming days. Italian rebar offers for North Africa are at €435-440/mt ($590-597/mt) FOB. The increase in Ukrainian producers' prices may create an advantage for Italian producers.