“The market is very quiet. Buyers are not interested in placing orders because they have high stocks,” a Northern European trader said.
“There are some signs of a slow recovery, but it is very slow. Generally speaking, demand is still absent, especially in Germany,” an Italian source said.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe
, was unchanged over the week at €470-490 ($514-536) per tonne on May 20.