The price level of mesh quality wire rod in the local Italian market is at around €650/mt ($1,035/mt) ex-works for 60-90 day deferred payment, excluding VAT.
Meanwhile, the price level of drawing quality wire rod in the local Italian market is at around €680/mt ($1,082/mt) ex-works for 60-90 day deferred payment, excluding VAT. It is heard that the Italian producers may increase their prices by around €50/mt ($80/mt) with the beginning of May.