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07 Apr

Italian rebar remains flat amid Feralpi IPO rumours

Italian rebar prices remain flat on-week, with demand subdued and some mills implementing stoppages during the Easter holiday, Kallanish notes. A large local distributor of long products says: “This month we are buying nothing. Prices are still too high and, with clients buying only back-to-back, we think we will implement very few orders of some flat products this month, but no rebar or other longs.” Mills are quoting rebar at €470-480/tonne ($5…
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Natalia Capra  |  France
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