In the Italian domestic market, there have not been any significant changes in flat steel product prices in the past week. Italian producers are now offering hot rolled coil (HRC) at €295-300/mt ($325-330/mt) ex-works, cold rolled coil (CRC) at €375-385/mt ($413-424/mt) ex-works and hot dip galvanized (HDG) at €365-370/mt ($402-407/mt) ex-works, all for April and May deliveries. HDG is the product which has been giving most satisfaction to Italian producers since their order books are full. Market sources have also reported CRC offers from domestic producer Ilva at €400/mt ($440/mt) for July delivery.
In the meantime, demand in the domestic flat steel market is decent but not brilliant, and is still far from early 2015 levels. As for distributors, they are finding it difficult to pass on to their downstream customers the price increases sought by producers. In this situation, a new increase in the short term in Italian flat product producers' prices seems unlikely.
€1 = $1.10