Italian heavy plate re-rollers are targeting higher prices in the week to 6 November due to rising energy costs, although buyers have so far resisted more significant increases.
New offers for s235jr-grade heavy plate have been heard at EUR780/t ex-works, while deals have still been settled at EUR750-760/t ex-works. Larger buyers have not yet accepted the higher offers, limiting the extent of price increases.
According to market estimates, rising energy prices are adding EUR40-50/t to production costs, prompting re-rollers to seek higher selling prices to protect their margins.
The EU re-rollers, dependent on imported slab, also expressed concerns regarding the changes under the Carbon Border Adjustment Mechanism (CBAM) from 2027. Steel imports that are customs-cleared next year will require importers to hold certificates covering at least 50% of their rolling emissions liability before the end of each quarter.
Offers of slab from China have been heard at $600/t CIF Italy, compared with the latest deals concluded at $580-600/t CIF. Algerian slab offers were reported at $615/t CIF, while Brazilian semi-finished products were offered at around $630/t CIF.
In Northwest Europe, German mills continue to report limited spot availability following strong project-based order intake in recent months.
| Weekly European heavy plate, slab and green steel | |||||
| Unit | Term | 06-Nov-26 | Change | ||
| Weekly heavy plate | |||||
| Northwest Europe ex-works heavy plate | EUR/t | EX-WORKS | 860.00 | 0.00 | |
| Germany delivered heavy plate (Northwest Europe) | EUR/t | DEL | 870.00 | 0.00 | |
| Italy ex-works heavy plate | EUR/t | EX-WORKS | 755.00 | 5.00 | |
| Weekly steel slab | |||||
| Italy CFR slab | $/t | CFR | 600.00 | 0.00 | |
| Weekly green steel | |||||
| Green heavy plate premium (scopes 1-3 CO2 under 1t) | EUR/t | 50.00 | 0.00 | ||
Author: Benjamin Steven and Maria Tanatar
