Italy

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Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

dimaxtd.com.ua
Weak demand inhibits activity on the Italian rebar market

Currently, there is no optimism about the recovery of demand at the end of 2022 or in the first months of 2023

Yahoo Finance
Italy reduced steel production by 19% y/y in September 2022

In January-September 2022, steel production decreased by 11.1% y/y

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The Italian government supported the steel sector in the conditions of the energy crisis

Tax discounts included in the decree «Aiuti ter» will allow reducing the impact of energy costs in energy-intensive industries

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Electricity prices in Italy increased by 2.3 times from the beginning of 2022

In August 2022, the average spot price for electricity in Italy was €537 per MWh, compared to €229.6 per MWh in January 2022

Italy cut steel production by 42% y/y in August 2022

In January-August 2022, steel production decreased by 10% y/y

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Italian steelmakers to introduce a surcharge on electricity

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel

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Italy reduced steel production by 27% y/y in July

In January-July 2022, steel production decreased by 7.3% y/y

pittini.it
The Italian reroller company Ferriere Nord stopped the work of one of the factories until October

The company made this decision due to high electricity costs

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Italian long steel companies to stop production due to the energy crisis

Factories may idle capacity after summer shutdowns for repairs if buyers refuse to accept higher prices

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Italy in the first half of the year reduced steel production by 4%

June production was 14.2% lower than the same month in 2021

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ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization

Euro and dollar exchange rates are nearly equal, which could help European flat steel prices reach bottom and stabilize

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