Global plate market rises as other flats markets stay calm

Wednesday, 06 June 2007 13:27:56 (GMT+3)   |  
       

The new prices to be announced by the CIS mills are not expected to indicate much change. After the CIS price announcements, the Turkish flats market may gain some momentum. Meanwhile, as the plate market sees continued strength worldwide, the markets for other flat products still follow calmer trends.

Ukrainian steelmaker Ilyich production hot rolled coils were being offered at $540-545/mt CFR Turkey for June shipments; however, we see that these offers have increased to a range of $545-550/mt CFR. Zaporizhstal, another Ukrainian steelmaker, is offering hot rolled coils at $585/mt CFR Israel for July shipments. Turning to Russia, MMK is offering hot rolled coils at $610-615/mt CNF LO Israel for July shipments.

The plate market is still strong globally. The price of this product is not expected to decline in the coming period. It is even highly possible that we see a slight increase in its price.

               Plate offers on CFR Turkey basis

Producer

Shipbuilding plate

St 37 plate

Alchevsk (Ukraine)

$720-730/mt

$690-700/mt

Ilyich (Ukraine)

$720-730/mt

$690-700/mt

Mittal Galati (Romania)

$770-780/mt

$725-730/mt

Donetsk (Ukraine)

$690-695/mt

$660-670/mt

* The above prices are given for July shipments, except for Mittal Galati's which is given for August shipment.

In the Italian market, the market price level of Iranian origin hot rolled is at €505-515/mt FOT. The market level of Libyan origin hot rolled coils is at €490-500/mt FOT in Italy.

Egyptian origin second quality hot rolled coils are being offered at $600-610/mt FOB for July shipment.

Russian steelmaker Severstal is due to announce its new prices for September shipment next week. There is no expectation of a huge decline in the new prices to be announced subsequently by the other CIS producers. Since the awaited announcements will concern prices for August/September shipment, not much fluctuation is expected since Europe will be entering its holiday period, to be followed later by the start of the month of Ramadan.


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