The Italian mills are offering medium size rebars to the local market at price levels of €545-555/mt ($838-853/mt) ex-works, with two to three months open account, excluding VAT.
The base prices in the local Italian market have reached levels of €330-340/mt ($507-522/mt). It would be difficult to say that demand in the local Italian market is currently strong. However, the prices in the local market are increasing due to the rising international prices and the strong export to Algeria.
On the other hand, Italian producers have been offering rebars to the export market at €550-555/mt ($845-853/mt) FOB for late April shipment, after sales were concluded at €540/mt ($830/mt) FOB.