The price level of mesh quality wire rod in the local Italian market is at €600/mt ($933/mt) delivered to warehouse for 60 days deferred payment, excluding VAT.
On the other hand, the price level of drawing quality wire rod in the local Italian market is at €610-615/mt ($949-957/mt) delivered to warehouse for 60 days deferred payment, excluding VAT.
Wire rod prices in Italy are higher now compared to the price levels in March; however, demand is currently weak.
On the other hand, it is heard that Turkish offers to Italy for mesh quality wire rod at around $1,000/mt CFR are not gaining a positive response.