A decline in slab costs in May also added to the bearish mood in the market, according to market participants.
Fastmarkets’ weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe
was €520-535 ($585-602) per tonne ex-works on Wednesday June 5, compared with €525-540 per tonne ex-works a week earlier.
Deals for the material have been heard within the assessment range.
“The mood is slowly...