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...

Published

Maria Tanatar

November 25, 2020

18:35 GMT

London