18
May
12:57
Italian rebar reaches €700
Italian rebar prices are increasing by €100/tonne ($122) on-month in both contracts and producers’ asking prices.
All producers stopped sales last week and are now back at quoting €430-450/t base ex-works. This a €50/t jump on average compared to the €380-390/t base ex-works they were quoting ten days ago. It is also “very bad news” for Italian distributors that have seen their activity shrink because of the increases, sources…
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Anonymous
Very good overview of the weekly steel market.
Anonymous