Domestic prices for thick-rolled products in Europe fell a week before Thursday, September 25, due to weak demand and a slowdown in trade, Fastmarkets sources said.
Italy
Domestic prices for rolled steel in Italy decreased in a week, according to sources, amid limited purchases and low demand.
Fastmarkets' weekly price estimate for domestic 8-40 mm thick rolled steel exported to Southern Europe on Thursday was 600-610 euros (701-713 dollars) per ton, down 10 euros per ton from 600-620 euros per ton a week earlier.
Northern Europe
Sources said that the market situation in Northern Europe was calm, "there were practically no transactions."
Fastmarkets' weekly price estimate for domestic sheet metal with a thickness of 8-40 mm in Northern Europe was 620-655 euros per piece. one ton on Thursday, having decreased by 10 euros per ton from 620-665 euros per ton a week earlier.
"All the thick-sheet plants in Northern Europe tried to raise prices during and after the holidays, but customers bought only the "marketable quality" material that they urgently needed to complete production projects," said a source in the trading company.
The delivery time for commercial raw materials is one or two months, a source at the trading company added, but said that activity was more "constant" with regard to special plate products used for offshore foundations or monoblocks for offshore wind farms, which had delivery dates of two or three months. months.
Holly Chant
Fastmarkets.com
