Official offers for domestic heavy plate from Italian re-rollers were heard at €550 ($660) per tonne ex-works, and producers were expected to push offers further upward in their attempt to compensate for the rising cost of slab feedstock.
“We will increase [our prices] much more next week due to slab prices that could settle at $570 per tonne cfr,” an Italian re-roller said.
Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS, was $525-535 per tonne on November 30, up by $40 per tonne week on week from...
