EUROPE PLATE: Producers target higher prices after rise in slab costs

European producers of heavy steel plate increased their offer prices in the week to Wednesday March 3 following a rise in the cost of steel slab, sources have told Fastmarkets.

Italian re-rollers have been offering plate at €670-720 ($771-857) per tonne ex-works for April delivery products. These new prices, however, have not been heard in any confirmed transactions.

As a result, Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was €640-670 per tonne on March 3, up by €10-30 per tonne week on week from €630-640 per tonne. The lower...

Published

Maria Tanatar

March 03, 2021

18:40 GMT

London