EUROPE PLATE: Price rise attempts fail on poor demand

Low demand for heavy steel plate in Europe did not allow steelmakers to achieve their targeted price increases and threatened instead to drag prices downward, sources told Fastmarkets on Wednesday October 21.

Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was unchanged at €460-470 ($543-555) per tonne on October 21.
The assessment reflected achievable prices and lower offers heard in the market.
Official offers have been heard at €470-480 per tonne ex-works, compared with the target of €500-510 per tonne ex-works.

One German buyer said that he had received an offer at €450 per tonne ex-works from an Italian...

Published

Maria Tanatar

October 21, 2020

18:15 GMT

London