The statement that the Italian government's support to steel producers to reduce energy costs could be reduced as of April 1 created an expectation that rebar prices would increase. Rebar prices in Italy are expected to increase in the coming weeks, with the impact of the increase in energy costs.
Looking at this week's data, it is seen that the rebar price, which was announced as 690 euros in Italy last week, increased by 5 euros to 695 euros this week. Despite the optimistic mood in the market and the expected price increases, it is known that there is no demand to support the price increase in the market yet. In addition, it is among the information obtained that the buyers have not accepted the price increase yet.
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