SteelOrbis has been informed that Libya-origin HRC is being offered to Italy at the level of €640/mt CIF Italy for May shipment. Meanwhile, ex-China HRC is being offered for the same market in a range of €620-625/mt CFR Italy for May shipment.
Offer levels for the Italian market are soaring day by day. The same material was being offered by Libyan producers at the level of €570/mt CIF last week. As the Italian producers are currently supplying material for their domestic market for June shipments, it is reported that the market is question has been experiencing a shortage of material.