SteelOrbis has learned that Italian steelmaker Ilva's base price for HRC stands at the level of €720/mt, while its base CRC price is at €750/mt, both ex-works and for July/August shipments.
It would be difficult to say that demand, in particular from end-users, is good. End-users are reported to be showing hesitation as regards concluding purchases for July shipments in the context of rising prices in both the domestic market and in import offers. Meanwhile, traders are heard to be making offers mainly with the aim of taking positions. While the latest ex-Iran HRC offers vary in a range of €660-670/mt, the new offers are expected to increase. In addition, Russian mills' offers are hovering at higher levels compared to the abovementioned levels. There are also some offers ex-China for positions. Ex-China and ex-Libya offers vary in a range of €665-680/mt CIF FO.