Import HRC offers to Italy

Wednesday, 04 February 2009 11:12:47 (GMT+3)   |  
Demand continues to trend slack in the Italian domestic market. However, it is seen that Turkish and Egyptian origin HRC offers to Italy have increased nowadays. Offers given from traders for Egyptian origin HRC are at the level of €390/mt ($507/mt) CIFFO Italy for 90-day deferred payments. Base prices of HRC from Egypt are standing at the level of $485-490/mt FOB for April shipment, while it is heard that European traders concluded a flat product deal of 35,000 mt from Egypt last month. Also, traders' offers for Turkish origin HRC are at the level of €390/mt ($507/mt) CFR Italy for 60-day deferred payments. Turkish producer Erdemir's HRC base prices according to the latest export figures are at the level of $440/mt FOB.

€1 = US$ 1.29815

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