SteelOrbis is informed that the market price level of Libyan-origin HRC stands in a range of €640-645/mt FOT in Italy.
Calm reigns in the Italian domestic market after the Easter holiday. Although offers for import material are increasing, the buyers in Italy are maintaining a wait-and-see stance. Meanwhile, the sales prices of import material in the domestic market stand at the same levels.
Over the past weeks, Libyan steelmaker Lisco's export offers for HRC to Italy have been at the level of €590/mt FOB. Meanwhile, offers ex-Egypt for HRC to this destination were recently at the level of €665/mt CFR Italy, with same origin CRC offers at €700/mt CFR Italy. However, it is reported that ex-Egypt prices have since undergone an increase following the price announcements made by the Russian and Ukrainian mills.