Ukrainian steel producer Alchevsk Iron and Steel Works has cut its
plate prices for
Turkey by $15/mt as compared to last week, while European mills'
plate offers to
Turkey have remained unchanged.
Accordingly, steel
plate offers to
Turkey given by Alchevsk Iron and Steel Works are now standing at $630/mt CFR, while Bulgarian producer Stomana's steel
plate offers to
Turkey are still at the base price level of €540/mt ($679/mt) CFR and Macedonian mill Makstil's offers are at $815/mt CFR.
In the meantime, an Italian steel producer is offering RTT (rolled to thickness)
plate to
Turkey at the base price level of €525/mt ($660/mt) CFR, while some other European mills' steel
plate offers are at an average price level of €540/mt ($729/mt) CFR. All above prices are for July production.
Demand in
Turkey for steel
plate is very slow and purchases are limited to meeting urgent needs and are for small tonnages. Although buyers are still maintaining a wait-and-see stance, market players state that steel
plate inventory levels are low and so bookings are expected to start soon.
€1 = $1.257