Domestic prices for European heavy steel plate increased further in the week to Wednesday May 19, supported by good demand, sources told Fastmarkets.
In addition, market sources said that lead times from domestic suppliers have been getting longer. German mills have already started trading October-December rolling plate, while Italian re-rollers have been offering July production."Demand is very good for mills as stockists need to re-stock due to long delivery times and end-users are trying to secure volumes for the third quarter. In general, machinery construction is back in full strength, mainly for export; plus constructions; plus...