22
Sep
12:45
Buyers expect Italian coil prices to continue decline
Italian hot rolled coil prices are forecast to fall below €1,000/tonne ($1,173) base ex-works, despite producers defending last month’s high levels, Kallanish notes.
Current contracts are agreed at €980-1,020/t base ex-works, but the domestic market is stagnating due to slow sales. Both service centres and re-rollers in the country have adopted a wait-and-see attitude and intend to continue working with their stocks. After receiving high imported v…
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Anonymous
Very good overview of the weekly steel market.
Anonymous