Market sources state that an Italian flat steel producer has announced that it plans to temporarily lay off 6,500 of its current employees, with the layoffs taking effect as of March 3 and lasting for 24 months. On the other hand, Italian banks have announced that they will cancel credit lines if the government does not guarantee repayments of the producer's debts, thereby causing concerns for buyers in the Italian market. Accordingly, buyers have accelerated purchases of low priced import hot rolled coil (HRC) and cold rolled coil (CRC) from suppliers in Europe and foreign markets.
According to market sources, a Chinese offer for HRC to Italy is currently at €390/mt ($452/mt) CIF, for shipment in February.
On the other hand, a Taiwanese offer for hot rolled pickled and oiled coil is now at $465/mt CIF, also for shipment in February.
€1 = $1.16
Hot rolled coil offers to Italy
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Similar articles
US flat steel prices rise with high scrap, mill price increases and lower steel output
13 Nov | Flats and Slab
Global View on HRC: Supply constraints lift some markets, buyers stay cautious
13 Nov | Flats and Slab
HRC pricing settles in Turkey by end of week, supply concerns calmed slightly
13 Nov | Flats and Slab
Bulgarian flats prices rise amid higher European quotations, lower import availability
13 Nov | Flats and Slab