Domestic prices for hot-rolled steel increased on August 19 in both Northern Europe and Italy, but market activity in the region was still mostly low due to the summer holiday period, Fastmarkets sources said on Wednesday. In Northern Europe, recent deals were reportedly in the range of 710-730 euros ($822-845) per tonne from the factory, but the buyer said that "these levels are unlikely to be repeated," while data was obtained in the same range. Offers ,
,They were announced at a price of 730 euros per ton from a factory in Germany. Higher prices for factory products were reported at 760-790 euros per ton from the plant, but the first buyer said that "new supply levels have yet to be tested, as many buyers have either left for summer holidays or are taking a wait-and-see attitude." Daily review of the steel market
Fastmarkets index for rolled products for domestic consumption, exw in Northern Europe, was calculated at 723.33 euros per tonne on August 19, up 0.83 euros per tonne from 722.50 euros per tonne on August 18.
The index rose by 6.33 euros per tonne over the week and by 13.33 euros per tonne over the month.
In Italy, the market was still mostly calm due to the traditional slowdown in trading activity in August. The proposal was announced on Wednesday.
An is at the level of 715 euros per ton from the factory, while the price was expected to be 700-720 euros per ton from the factory. Daily hot-rolled steel price index
Fastmarkets in the domestic market, exw in Italy, calculated on August 19 at 712.50 euros per ton, increased by 1.25 euros per ton on the day compared with 711.25 euros per ton on August 18. Index
Decreased by 1.25 euros per ton for the week, but increased by 1.25 euros per ton for the week. 7.50 per ton per month.
At the same time, according to sources, the latest HRC import activity included offers from Turkey at a price of 575 euros per ton CFR with additional anti-dumping duties of 35 euros per ton, and some Italian buyers were willing to pay this price. Offers were reported
andFrom Indonesia at a price of 620-625 dollars per ton CFR, but additional freight was offered to speed up the delivery time. Costs of $30 per ton were applied, so the final price was about 650-655 dollars per ton CFR.
,However, there was no buyer interest in materials of this origin due to higher costs under the Carbon Boundary Regulation Mechanism (CBAM).
,And offers from India were in the same range as those from Indonesia, priced at $650 per ton CFR, or about €560 per ton CFR, Fastmarkets sources said on Wednesday, but no orders were placed. Weekly price analysis
Fastmarkets on hot-rolled steel coil imports, on CFR terms