Recent contracts indicate that Italian rebar prices are primarily stable, with an increase of €10/tonne ($10.50/t) compared to last month. This aligns with the recent €20/t increase initiated by producers for November, sources tell Kallanish.

While certain contracts have seen a slight rise, overall demand remains weak, with trading predominantly marked by back-to-back transactions.

The current asking price stands at €300/t base ex-works; nonetheless, no buyer who has spoken to Kallanish has transacted at this level.

Current contracts are positioned within the range of €280-295/t. Several buyers confirm they are acquiring only a limited number of truckloads this week and are unwilling to increase their purchases at elevated prices.

Some sellers suggest that achieving the €300/t threshold presents significant challenges.

While some show a more optimistic outlook, others predict a stabilisation in both prices and demand in the upcoming weeks. Some rebar makers will implement two weeks stoppages in December, others confirm to Kallanish they will stop producing the four full weeks.

The current contract values are positioned between €540-555/t ex-works, with size extras averaging €260/t.

The current value for domestic mesh stands at €380-390/t, excluding transportation costs, with an added €300/t for size extras, sources suggest.

One building company says that several of its clients are having financial issues, and the construction sector is impacted by a lack of liquidity.