EUROPE PLATE: Domestic prices rise on better demand, high slab costs

Domestic prices for heavy steel plate increased over the week to Wednesday March 24, supported by demand recovery and high costs for steel slab, sources have told Fastmarkets.

Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?700-720 ($832-856) per tonne on March 24, up by ?,?35-40 per tonne from ?,?665-680 per tonne a week earlier.
The assessment was based on deals and the lower end of offers heard in the market. Re-rollers in Italy have been targeting further price rises to as much as ?,?730-750 per tonne ex-works for May-rolling material, market sources said.

Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Northern Europe, was ?,?700-735 per tonne on March 24, up by ?,?10-35 per...

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