European steel heavy plate prices remained stable in the week to Thursday October 29, while Italian import slab prices were also unchanged amid limited buying interest and subdued trading activity, sources told Fastmarkets.
Italy
Workable levels for Italian steel heavy plate were heard at €740-750 ($824-835) per tonne ex-works during the week.
A deal was heard at €750 per tonne ex-works and an offer was also reported at the same level.
Market participants reported higher offers for January delivery at €770-780 per tonne ex-works.
These higher indications were not included in the final assessment, as their delivery times exceeded Fastmarkets’ methodology window of up to six weeks.
As a result, Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was €740-750 per tonne on Thursday, unchanged week on week.
In the slab market, offers and workable levels for imported Asian material into Italy were heard at $580-590 per tonne CIF.
Market activity remained subdued, however, with buyers showing limited interest.
“Trading activity remains limited, as most buyers have already completed their purchasing requirements despite continued offers from Asian producers,” a buyer source told Fastmarkets.
As a result, Fastmarkets’ weekly price assessment for steel slab import, cif Italy was $580-590 per tonne on Thursday, unchanged week on week.
No new transactions regarding plate imports on a CFR basis were heard in the market during the assessment week.
Therefore, Fastmarkets’ weekly price assessment for steel plate (8-40mm), import, cfr main port Southern Europe was €710-750 per tonne on Thursday, stable week on week.
Northern Europe
In Northern Europe, workable levels for domestic plate were heard at €840-880 per tonne ex-works during the week.
As a result, Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe was €840-880 per tonne on Thursday, stable week on week.
No fresh information was heard about plate imports into the region.
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.
