Italian hot rolled steel producers are raising asking prices to € 500 /t ($ 566.7 /t) ex-factory, market sources for Kallanish say. One manufacturer increases its price to € 520 per tonne ex-factory.
For the first time in several months, the Italian HRC touched EUR 500 /t after a period of low demand and low supply. However, the uncertain market for service centers and resellers means that transaction prices differ markedly from current asking prices.
This week the mills manage to reach and consolidate the price level of 470-480 euros per ton, based on the volume of work in progress. So far, Kallanish has not heard of any contracts signed at a price of € 500 /t. However, according to sources, due to a number of factors affecting the market, the target of 500 euros /ton may be achieved in the coming weeks. These factors include a general surge in European flat products growth, rising raw material prices and, in particular, the current Turkish HRC increases being offered to Italy.
However, service centers are facing difficulties with the level of final demand, which they have dropped significantly in recent months. The service centers that spoke to Kallanish do not believe the current increases will continue because they are unable to pass them on to their customers. They also assume that the fields are being destroyed. Therefore, some of them chose not to buy and rely solely on their shares as a reminder of the month.
Subscribe to news
Metallurgy news
- 06 May 2024
10:21 Indian metallurgy may face obstacles in raw material supply - 01 May 2024
10:11 US stainless steel prices continue to rise - 29 April 2024
10:57 EU steel industry faces supply and demand challenges - 12 April 2024
09:52 EU steel demand to recover in 2025 - Worldsteel - 05 April 2024
12:40 Liberty's European division is headquartered in Vienna - 01 April 2024
12:51 The number of electric vehicles in Kazakhstan has increased ninefold over the year 12:37 Liberty Czestochowa is preparing to resume production - 27 March 2024
11:38 Ferrexpo faced restrictions on the corporate rights of Ukrainian subsidiaries
Publications
06.05 Selection of food for cats and dogs 04.05 Bituminous shingles in the EuroRoof online store 03.05 The best price of a stretch ceiling per m2 with work in Kyiv from the manufacturer Demi-Lune 02.05 Protein in the HealthFit online store 02.05 I-beams of European standards