Competitive import offers have also contributed to the softening of domestic prices.
Official offers for plate from Italian re-rollers have been heard at €980-1,000 ($1,155-1,178) per tonne ex-works. Transactions with both domestic and German buyers have been settled at €970-985 per tonne ex-works.
As a result, Fastmarkets’ price assessment for steel domestic plate, 8-40mm, exw Southern Europe
, was €970-985 per tonne on July 21, narrowing downward from €970-1,000 per tonne on July 14.
Heavy plate in Southern Europe is produced mainly by Italian re-rollers using imported slab. The decline in semi-finished steel prices...