SteelOrbis has been informed that Chinese HRC offers for Italy are currently in a range of €730-740/mt CIF Italy for August shipments; meanwhile, Libyan HRC offers for the same destination stand at the level of €705/mt FOB Italy for July/August shipment.
In addition, Italian steelmaker Ilva's base price for HRC is at €800/mt ex-works for August/September shipments, up from the former range of €730-740/mt ex-works.
Although the offers given from China and Libya are more advantageous, these may also see an increase after the rises in the Italian domestic market.