EUROPE PLATE: Italian re-rollers raise offers on slab cost jump

Italian re-rollers had to increase their official offer prices for heavy steel plate over the week to Wednesday November 25 due to a sharp rise in imported slab costs, sources have told Fastmarkets.

Official offers for domestic heavy plate in Italy were heard at €540-550 ($641-653) per tonne ex-works, about €40-50 per tonne higher than the offers heard in the market.

“Italy now is [expecting to see prices of] €550 per tonne ex-works for 2021 production heavy plate, but I think that will be only the very first step, because prices will need to be higher to take current slab costs into account,” an...


Maria Tanatar

November 25, 2020

18:35 GMT