EUROPE PLATE: Italian re-rollers struggle to achieve price rise

Italian re-rollers have failed to achieve price rises for heavy steel plate due to poor demand from main consuming segments, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was unchanged over the week at ?,?440-470 ($520-555) per tonne on August 26, compared with ?,?450-470 per tonne a week earlier.
Official offers for material have been heard at ?,?470-500 per tonne ex-works, while buyers claim that re-rollers in Italy were ready to accept prices of ?,?440-450 per tonne ex-works to make deals.
Italian re-rollers have been pushing offers up due to rising import slab costs, which are used to produce heavy plate, sources said.

Fastmarkets' weekly price assessment for...

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