Domestic prices for heavy plate in Europe declined in the week to Wednesday September 15 due to lower slab costs, sources told Fastmarkets.
Sentiment in the market remains negative despite healthy demand.
"Demand is still good, whereas the sentiment is a bit more negative; everybody expects price reductions and has to state approximately ?,?100 per tonne loss on prices till now," a German distributor said.
"Demand is gaining some traction again right now, but we are still concerned about the possibility of the downtrend ongoing," an Italian producer said.
Fastmarkets' price assessment for steel domestic plate, 8-40mm, exw Southern Europe was ?,?900-920 ($1,063-1,087) per...