December 03, 2008

Italian domestic prices of rebar on upward trend

It is reported that the price of Italian deformed bar has been rising since last December, due to strong oversea demand. As per report the deformed bar price has increased by EUR 200 to EUR 210 per tonne since last December and prices are continually increasing.

The market participants indicate that the demands of domestic market are still quiet but the booming demands from oversea pushed price up. Right now, the mill said that the productions in April have sold out already.

At present, the industries are expecting that Italian steel bar base price and surcharge will keep rising for next 2 months. However, if exportation slow down, they believe deformed bar price will fall along with it.

(Sourced from YIEH.com)