EU plate prices soften slightly following rise last week

Europe's domestic prices for heavy plate moved down slightly in the week to Wednesday November 10 following a large rise a week earlier, sources told Fastmarkets.

Sentiment in the market, however, remains bullish due to high energy, transport and slab costs.
Last week, domestic plate prices jumped by ?,?70-100 ($81-116) per tonne, reflecting offers and some transactions heard in the market. This week, however, prices fell by about ?,?10-20 per tonne, based on transactions and achievable prices heard in the market.

Demand for plate across Europe spiked at the end of October and early November and it has decreased since, sources said. This temporarily trading recovery, however, was long enough to support the...

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