In the Italian market HRC prices are currently maintaining their levels of the pre-holiday period. Having concluded import bookings before the holidays, Italian buyers are now maintaining a wait-and-see stance due to the high levels of Chinese offers. It is expected that Chinese origin offers on a euro basis may deteriorate in line with the increase of the €/$ exchange rate to the level of 1.45. Domestic and import flats offers in Italy are as follows:
Origin | Seller | Product | Price |
Riva | €420/mt ex-works | ||
Riva | P&O | €430/mt ex-works | |
€440/mt ex-works | |||
Trader | €420-430/mt CFR | ||
Trader | €400-410/mt CFR |
The HRC offers given from Turkey are for 90-day deferred payment and October shipment.
€1 = US$1.45697