Import and local HRC prices in Italy

Tuesday, 08 October 2019 18:03:57 (GMT+3)   |   Brescia

According to market sources, an ex-Egypt offer for hot rolled coil (HRC) is at €405/mt CFR Italian port, with shipping by the second half of November. However, sources close to SteelOrbis believe that this price cannot work considering that domestic prices in Italy are at €410-425/mt ex-works on average. Meanwhile, in recent weeks an Italian buyer has purchased 20,000 mt of HRC from a Russian producer at a price of $398/mt CFR, duty included. About ten days ago, the same buyer purchased 30,000-40,000 of HRC from Turkey at $430/mt CFR.

€1 = $1.10

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