EUROPE PLATE: Domestic prices up on higher production costs, reduction of spot availability

Domestic prices for European heavy steel plate increased again in the week to Wednesday April 7, supported by higher slab costs and lower supply for spot buyers, sources told Fastmarkets.

Steelmakers have also been targeting further price increases, sources said.
Fastmarkets’ weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was €740-760 ($879-903) per tonne on April 7, up by €20-30 per tonne from €720-730 per tonne a week earlier.
The assessment was based on transactions heard in the market and achievable prices estimated by market participants. The region’s steelmakers, in the meantime, have pushed offers up to €800 per tonne ex-works.

Fastmarkets’ price assessment for steel domestic plate, 8-40mm, exw Northern...

Published

Maria Tanatar

April 08, 2021

16:31 GMT

London