Italy
Indications for tradeable local plate prices were heard at €730-760 per tonne ex-works in Italy during the week, while deals were reported at €730-740 per tonne ex-works, linked to base-grade material.
A producer said base plate at €730 per tonne ex-works “feels like bottom in plate with hard resistance to go low from most producers,” adding that the level is “fully conditioned by the cost of production”.
Prices for steel slab imports into Italy increased in the week to Thursday, driven by the consistent push from Asian mills for higher levels, sources said.
Fastmarkets’ weekly price assessment for steel slab, import, cif Italy, was $590-620 per tonne on Thursday, widening upward by $15 per tonne from $590-605 per tonne a week earlier.
“[There were] no attempts to change anything with the prices so far, [and] all new movements seem postponed until the [new steel import] quota details are published,” the producer source said, referring to Italian plate.
Fastmarkets’ weekly price assessment for steel domestic plate 8-40mm, exw Southern Europe, was €730-740 per tonne on Thursday, narrowing upward by €10 per tonne from €720-740 per tonne a week earlier.
Plate import prices into Southern Europe were indicated at €720-730 per tonne CFR, without any additional duties.
Fastmarkets’ weekly price assessment for steel plate (8-40mm), import, cfr main port Southern Europe, was €720-750 per tonne on Thursday, narrowing upward by €20 per tonne from €700-750 per tonne a week earlier.
Germany
Offers for steel heavy plate in Germany were heard at €790-850 per tonne ex-works, unchanged from a week earlier.
No significant fresh activity was reported in the market, with sources citing slow demand, which normally occurs during the summer season.
Fastmarkets’ weekly price assessment for steel domestic plate 8-40mm, exw Northern Europe, was €790-850 per tonne on Thursday, widening upward by €10 per tonne from €790-840 a week earlier.
