European steel heavy plate prices were stable in the week to Thursday October 22, with limited trading activity heard across Italy and Northern Europe, as producers were already targeting higher 2027 levels, sources said.
Italy
In Italy, most indications for steel plate prices were reported by sources within €740-750 ($830-842) per tonne ex-works, unchanged from the previous week.
Market participants said producers were targeting levels at €770-780 per tonne ex-works for delivery in January 2027, while a trade source said deals were already achieved at the higher end of the range for the same delivery period. Some sources, however, expressed uncertainty about such high levels done in the market.
This price range at €770-780 per tonne ex-works was not considered in the final assessment due to delivery time exceeding Fastmarkets’ methodology window of up to six weeks.
“Plate [is] stuck at €740-750 [per tonne] base ex-works Italy, even if most re-rollers push for at least plus €30 [per tonne] to these levels for January delivery,” a producer said.
As a result, Fastmarkets’ weekly price assessment for steel domestic plate 8-40mm, exw Southern Europe was €740-750 per tonne on Thursday October 22, stable week on week.
Meanwhile, steel slab import prices in Italy edged lower amid weaker Asian prices, while uncertainty over Carbon Border Adjustment Mechanism (CBAM) costs and emissions verification complicated buying decisions and the assessment of alternative origins, sources said during the week.
Fastmarkets’ weekly price assessment for steel slab import, cif Italy was $580-590 per tonne on October 22, narrowed downward by $5 per tonne from $580-595 per tonne a week earlier.
Market sources did not report any fresh prices regarding imported plate material, citing higher CBAM-related risks.
Thus, Fastmarkets’ weekly price assessment for steel plate (8-40mm), import, cfr main port Southern Europe, was stable at €710-750 per tonne on Thursday.
Northern Europe
In Northern Europe, the market was quiet during the week, with some participants attending the Euroblech fair in Hanover on October 20-23, limiting the availability of pricing data.
A trade source reported an indication of workable levels for commodity plate in Germany at €850-880 per tonne ex-works during the week, mostly unchanged from previous levels. No other prices were received during the assessment period.
For this reason, Fastmarkets’ latest weekly price assessment for steel domestic plate 8-40mm, exw Northern Europe remained stable at €840-880 per tonne on October 22.
No fresh information was heard about plate imports into the region, as sources said there was a lack of buying interest.
“Imports are nothing to be considered at this moment, at least not for Antwerp,” the same trade source said.
Fastmarkets’ weekly price assessment for steel plate (8-40mm), import, cfr main port Northern Europe, was €710-750 per tonne on Thursday, unchanged from the previous week.
