The price level of rebar in the local Italian market is at around €465-475/mt ($652-667/mt) delivered to warehouse in northern Italy, on actual weight basis with 60-day open account, excluding VAT.
In the Italian domestic rebar market, producers have tried to increase base prices to €270-275/mt ($379-386/mt). Since the European market has not been performing well and also given the pressure from imports, producers have not reached their targeted levels. The base price is currently at €260-265/mt ($365-372/mt); however, insufficient demand has been registered in the market even at these levels.