There is a downward trend in prices in the Italian and broader European market for rolled materials. European prices are declining due to lower import volumes. The current sales situation at factories in Europe is characterized by a marked lack of momentum, as buyers mostly take a cautious position.
However, some large buyers are ready to conclude and have already concluded deals on the import and supply of materials from Europe, provided that competitive prices are ensured. European steel producers are currently experiencing supply difficulties, and according to reports, one company has sold products in Italy as well as in other EU countries at a price slightly in excess of 530-550 euros per ton (613-636 dollars per ton). The base price of 570 euros per ton was also announced. Nevertheless, the price forecast for the coming weeks suggests a further decline in line with the level of imports. Buyers are in an advantageous position, given the significant amount of inventory and declining demand in the processing industries.
Service centers and resellers who spoke with Kallanish suggest that there is currently no strong demand for purchases, and declining demand for processing products such as sheets and pipes is putting pressure on product quality. margin pressure.
This week, market participants, including sellers and trade sources, are reporting an increase in interest in the potential purchase of rolls this week. Buyers are expected to enter the market again in the coming week. The decision to return to the European domestic market or to continue importing will depend on the concessions that EU producers are willing to make in order to facilitate sales.
Italy is currently facing a downward trend in the supply of HRC from Turkey and the Far East. It is noted that the current offers from Turkey are in the range of 480 euros per ton cfr, including duties. Turkish offers start from 500 euros per ton, including duties. Several buyers are considering purchasing this material. Considering the first offer, HRC is available at a price of 520-530 euros per ton with delivery to the warehouse.
HRC in Indonesia is offered at a price of 470 euros per ton cfr. Other Asian manufacturers, such as Vietnamese and Thai, set prices for their large-tonnage vessels in the range of 500-510 euros per ton cfr.
A source in the non-Italian steel sector indicates that a price increase is expected in September related to the adjustment of carbon limits Mechanism (CBAM). However, this scenario does not yet contribute to price growth in the European market. A source in an international trading company operating in Europe reports that manufacturers
