EUROPE PLATE: Italy lockdown deters buying in domestic market

March 12, 2020 / www.metalbulletin.com / Article Link

Domestic prices for heavy steel plate decreased across Europe in a slow market after Italian authorities enforced a country-wide travel ban, sources told Fastmarkets on Wednesday March 11.

Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe was ?,?505-520 ($573-590) per tonne on Wednesday, down by ?,?5 per tonne week on week from ?,?510-525 per tonne on March 4. The assessment was based on transactions and offers heard in the market.

The corresponding weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was ?,?475-490 per tonne on Wednesday, down by ?,?5-10 per tonne week on week from ?,?480-500 per tonne. The assessment reflects deals and offers...

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