Steel heavy plate prices in Italy edged higher in the week to Thursday November 27, supported by widespread expectations of added Carbon Border Adjustment Mechanism (CBAM) costs, while prices in Northern Europe remained steady, sources told Fastmarkets.
Italy
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was €650-660 ($753- 764) per tonne on Thursday, up by €10 per tonne from €640-650 per tonne on November 20.
Commodity-grade steel plate was on offer in Italy at €650 per tonne ex-works, sources said, with limited volumes sold at that level for January delivery – although the deals were for smaller volumes, below Fastmarkets’ minimum tonnage specification.
Market participants were bullish and one source said the Italian rerollers were likely to target even higher prices in the coming weeks.
Northern Europe
Northern European heavy plate prices, meanwhile, remained flat in the week to Thursday, amid slow trading, sources said.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe was €670-700 per tonne on Thursday, stable week on week.
But deals for regional imports were reported at €710-720 per tonne CPT.
Imports
Steel plate imports from East Asia were on offer in Italy and Germany at around €680 per tonne DDP for S235 and S275 material.
