European producers of heavy steel plate have been looking for a domestic price rise despite the fact that supply has been exceeding demand, sources told Fastmarkets on Wednesday December 2.
Official offers for domestic heavy plate from Italian re-rollers were heard at ?,?550 ($660) per tonne ex-works, and producers were expected to push offers further upward in their attempt to compensate for the rising cost of slab feedstock.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $525-535 per tonne on November 30, up by $40 per tonne week on week from...