Italian mills have been offering medium sized rebar to their domestic market in a price range of €330-350/mt ($418-443/mt) ex-works, excluding VAT, on actual weight and open account basis. It is observed that rebar prices in this market have still been showing some variation and softening just like last week, whereas the base prices of rebars are standing at levels of €130-140/mt ($165-177/mt). Meanwhile, end-user demand is still at low levels in this market.
€1 = US$1.26653