EU domestic steel plate prices climb despite seasonal slowdown

European steelmakers have increased their steel heavy plate offer prices despite market activity being low due to the seasonal summer slowdown, sources told Metal Bulletin on Thursday August 10.

The rise was supported by a combination of higher slab and raw material costs, as well as limited import offers. “The market is slow but participants should be back in the market at the end of August. Despite this, the mills have increased their prices as production costs have gone up,” a trader said. Metal Bulletin’s weekly assessment of CIS export slab prices narrowed upward to $425-430 per tonne fob Black Sea on August 7, from $415-430 per tonne fob last week. The price...

Published

Maria Tanatar

August 10, 2017

18:04 GMT

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