03
Jun
13:51
Italian HRC demand goes cold, cheaper import offers
Italian hot rolled coils demand has been stagnating in the past couple of weeks, and prices have not increased this week for the first time, market participants say.
Competitive import offers from Asian countries are gaining interest from Italian buyers. Asian offers of HRC have been heard at below €1,000/tonne cfr ($1,216/t) with July and August boarding, traders confirm. While this is slowing domestic sales, sources believe that activity will resume next we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous