Italian re-rollers had to increase their official offer prices for heavy steel plate over the week to Wednesday November 25 due to a sharp rise in imported slab costs, sources have told Fastmarkets.
Official offers for domestic heavy plate in Italy were heard at ?,?540-550 ($641-653) per tonne ex-works, about ?,?40-50 per tonne higher than the offers heard in the market."Italy now is [expecting to see prices of] ?,?550 per tonne ex-works for 2021 production heavy plate, but I think that will be only the very first step, because prices will need to be higher to take current slab costs into account," an...