Flats prices in Italy

Wednesday, 09 September 2009 17:45:50 (GMT+3)   |  
       

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

Italy

Riva

HRC

€420/mt ex-works

Italy

Riva

P&O

€430/mt ex-works

Italy

Arvedi

HRC

€440/mt ex-works

Turkey/Erdemir

Trader

HRC

€420-430/mt CFR

China

Trader

HRC

€400-410/mt CFR

The HRC offers given from Turkey are for 90-day deferred payment and October shipment.

€1 = US$1.45697


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