EUROPE PLATE: Italian re-rollers struggle to achieve price rise

Italian re-rollers have failed to achieve price rises for heavy steel plate due to poor demand from main consuming segments, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was unchanged over the week at ?,?440-470 ($520-555) per tonne on August 26, compared with ?,?450-470 per tonne a week earlier.
Official offers for material have been heard at ?,?470-500 per tonne ex-works, while buyers claim that re-rollers in Italy were ready to accept prices of ?,?440-450 per tonne ex-works to make deals.
Italian re-rollers have been pushing offers up due to rising import slab costs, which are used to produce heavy plate, sources said.

Fastmarkets' weekly price assessment for...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing