European heavy plate and slab prices remained stable July 11, as sources shared expectations for limited import interest ahead of CBAM and dwindling summer demand.
“We are having discussions for re-stocking needs, but we have to give discounts to get these orders,” one mill source said, who, despite the reduced buying interest, reported otherwise stable market conditions and forward views. “It’s not surprising, there is not so much competition in the market from imports.”
The same source also referred to minimal interest in imported plates due to the upcoming Carbon Border Adjustment Mechanism.
A trader also recognized a preference for domestic heavy plates and slabs. He said, “Imports are not pleasant and not too attractive considering unloading and transport costs. It will be similar to re-rolling.”
Looking forward, the trader said, “After summer, everyone will try to move domestic prices up, and for imports, everyone is concerned about CBAM, but unless imports have guaranteed customs clearance for this year, buyers won’t budge.”
A service center source also pointed to quieter spot conditions on the week, citing summer holidays and a general slowdown across all construction and automotive-based industries in Europe.
Platts assessed plate at Eur595/mt ex-works Italy and in Northern Europe at Eur650/mt ex-works Ruhr, both stable on the day.
Platts assessed slab at $495/mt CIF Italy, stable week over week.
