Prices for Italian rebar are rising amid rising demand and limited supply
Rebar prices in Italy continued to rise during the week until Wednesday, July 23, driven by a favorable demand situation and a rather limited availability of materials from suppliers ahead of planned repairs.
In the northern region of the country, where most of the factories are located, fresh offers for B450C bars ranged from 550-560 euros (646-658 dollars) per ton from the factory, while announced orders ranged from 530-550 euros per ton from the factory.
In the southern region of Italy, the material was available during the price range for steel rebar is 570-590 euros per ton from the manufacturer, with sales reportedly closer to the lower end of the range.
Fastmarkets' weekly price estimate for domestic steel rebar (exw, Italy) was 530-570 euros per ton on July 23, down from 520-570 euros per ton on July 23. a ton on July 16.
After the assessment was submitted, information appeared about orders in southern Italy at a price of 575-580 euros per ton from the factory, but at the time of publication of the article it had not been widely confirmed.
In addition, the trader said that the price of oil in southern Italy is 575-580 euros per ton. company "In the north," she said that factories in the region could further raise prices before the summer production shutdown due to favorable supply and demand conditions.
"Manufacturers have few stocks, and customers want to fill their warehouses before closing. Demand is very high these days, which is typical for the second half of July," the trader said.
Vlada Novokreschenova
Fastmarkets.com