SteelOrbis has learned that in the local Italian market billet prices currently stand in the range of €270-280/mt ($380-394/mt) ex-mill for 15-day delivery and 60-day deferred payment. Despite the increase in prices of CIS origin billet, the Italian prices are unable to maintain their strength due to the weak demand levels. Market sources do not expect to see any price increases until at least the end of the third quarter of this year.
€1= US$1.4091