Domestic prices for heavy steel plate in Europe were stable over the past week, but increasing production costs have left steelmakers bullish about the market, sources told Metal Bulletin.
"Slab prices are high, so we will need to achieve higher plate prices to compensate rising production costs," a representative of an Italian re-roller said.Metal Bulletin's assessment of prices for domestic grade-S235JR heavy steel plate in Southern Europe is ?,?580-590 ($713-725) per tonne ex-works for the week...