Italian rebar prices stabilise

Italian rebar prices are flat on-month, sources tell Kallanish.

Mills reported an average level of orders in July as distributors purchased more material last month to prepare for the market resumption at the end of August. Sellers meanwhile continue to lament low orders.

However, two distributors say they have some work thanks to construction projects, and expect increased activity in the fourth quarter due to the infrastructure projects funded by the national recovery plan – PNRR.

This month, rebar transaction prices remain at €340-360/tonne ($372-393) base ex-works. Mesh is also flat at about €430-450/t, to which buyers have to add transport and around €300/t size extras. Including extras, domestic rebar is hovering at €600-620/t base ex-works. Producers are said to be quoting at between €390-410/t base ex-works.

Natalia Capra France