Domestic prices for heavy steel plate in Southern Europe have decreased over the past week due to slow demand and the lower cost of steel slabs, sources have told Metal Bulletin.
Demand has been slow because buyers have sufficient stocks of material, according to market participants.At the same time, however, domestic prices have been supported by low competition from imported material.Southern EuropeApart from the slow trading, domestic prices for plate from Italian re-rollers have been under pressure from declining slab costs, according to market sources.Metal Bulletin's price assessment for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?565-570 (654-660) per tonne ex-works on Wednesday May 30,...