Southern European longs market mostly stable

Friday, 19 January 2024 13:50:42 (GMT+3)   |   Brescia
       

The situation in the southern European longs market is similar to last week, with Italy experiencing decent demand locally but not as much abroad. Producers are seeking increases in their offer prices for February. 

In the current scenario for local rebar in Italy, although the latest reported transactions were still concluded at prices in the range of €360-380/mt ex-working base (€625-645/mt ex-works including regular extras), the target of many suppliers remains €400/mt ex-works base (€665/mt ex-works including regular extras), especially due to production and raw material costs. 

In the wire rod segment in Italy, offers have been heard at €660-680/mt delivered, remaining stable week on week. However, according to some sources, they could increase further in the coming weeks, presumably in February. 

Concerning exports, ex-Italy rebar offers have been reported at €610-620/mt ex-works, but foreign demand is scarce and producers seem to be more interested in the local market. Greece, according to a source, has kept its export offers stable week on week, at €650/mt FOB for rebar and €640/mt FOB for wire rod

Finally, looking at the import market, ex-Egypt rebar and wire rod offers have been reported stable at €585-600/mt CFR southern Europe, while ex-Turkey offers are at €590-600/mt CFR for rebar and €610-620/mt CFR for wire rod, both increasing by around €5-10/mt week on week. From Asia, offers have come from Indonesia and Malaysia at €570-575/mt CFR for wire rod.


Similar articles

Local Chinese longs prices decline, but expectations rather positive

04 Nov | Longs and Billet

MOC: Average steel prices in China see slight decreases during Oct 21-27

01 Nov | Steel News

US domestic long steel prices flat, wire rod maintains premium with Liberty status still murky

31 Oct | Longs and Billet

US import long steel prices flat amid reports of increased mill discounting, Liberty plant status unclear

31 Oct | Longs and Billet

Romanian longs prices stable as mood locally remains unchanged

31 Oct | Longs and Billet

Turkish rebar mills still struggling to export, local sales also weaken

31 Oct | Longs and Billet

Southern European longs market faces slow activity, difficulties in hiking prices

31 Oct | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price once again 

31 Oct | Longs and Billet

Iskenderun-based Turkish mill raises its rebar price further

30 Oct | Longs and Billet

EU’s organic coated sheet and wire rod import quotas for Turkey almost used up

30 Oct | Steel News