The Italian long steel market is still in a stable state, with no change in prices since January, Kallanish notes.
Over the last two weeks, some niche sectors have placed orders, but sales of longs and flats are generally still limited to a few truckloads. Buyers are exhibiting caution and are resisting any upward price adjustments.
One merchant bar producer has halted sales and is anticipated to raise prices by approximately €20/tonne ($20.9). The decision is being driven by the unsustainable nature of current pricing, particularly in light of higher energy costs and scrap values. The current price range for domestic merchant bar is around €690-700/t delivered, which includes size extras.
Demand for sections remains quiet. In comparison to last month, there is an increase in contract prices of €10/t. Sources indicate the first category of beams is priced at around €800/t delivered for smaller orders. Further price increases are expected in Europe.
Natalia Capra France
