29
Oct
13:54
Italian HRC suffers on low demand
Italian domestic hot rolled coil prices are seen stable in November at current low levels. Uncertainty remains extremely high and is causing stagnation.
Sources who spoke to Kallanish say that domestic prices for HRC are now at €390/tonne ($432/t) base ex-works, or €10/t less compared to two weeks ago. Buyers, however, are expecting further price reductions while producers see stability. They are refusing to sell at current bids of $380/t bas…
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Anonymous
Very good overview of the weekly steel market.
Anonymous