European steel heavy plate prices were stable in the week to Thursday February 5, with fresh transactions in the Italian market amid healthy demand and bullish sentiment.
Italy
Fresh bookings for Italian heavy plate in the domestic market were reported at €700-720 ($827-851) per tonne exw but offers remained higher at €720-750 per tonne exw levels.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was €700-720 per tonne on Thursday, unchanged week on week.
And, with healthy demand, producers have started shifting focus to second-quarter delivery, sources said.
Fastmarkers heard the specialized plate for projects for the second and third quarters of the year was assessed at €730-750 per tonne exw.
Northern Europe
Heavy plate prices were also flat during the pricing period, with muted trade in the domestic market, market sources told Fastmarkets.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe was €750-780 per tonne on Thursday, unchanged week on week.
However, some smaller intra-regional deals from Italy to Germany were reported, with offers made at €770-780 per tonne exw.
“The CBAM effect is strongly supportive,” said one producer source said.
Imports
Import offers were also reported during the week, but they were excluded from Fastmarkets’ assessed plate import prices for southern and northern Europe because the offers were DDP and therefore outside the specification.
Indonesian import offers were made to Southern Europe at €690-700 per tonne ddp, while offers for Indian material were reported in Germany at around €730-740 per tonne ddp.
