The European long steel market remained subdued in late June, with weak demand and oversupply continuing to weigh on prices. Italian rebar base prices stood at €240–250 per tonne ex-works, or €505–515 including extras—down about €10 on the lower end from the previous week.
Despite the downturn, some Italian producers anticipate a price rebound. Rising electricity costs—averaging €126/MWh in Italy compared to €57–93/MWh in other EU countries—are squeezing margins and may prompt upward adjustments.
Logistics challenges are also mounting. A severe truck shortage is delaying deliveries, while buyers are placing only punctual orders due to abundant supply and short lead times.
Wire rod prices in Italy remained stable at €620–635 per tonne delivered for drawing quality and €605–620 for mesh quality. Export prices from Greece and Spain held steady, while Turkish import offers declined to €480–490 per tonne CFR for rebar and €490–495 for wire rod.
