Italian flat steel traders are reported to have opted for purchases of ex-stock material from the ports of Marghera and Ravenna in northern
Italy, rather than booking imported material.
Last week, hot rolled coil (
HRC) sales prices in Italian ports were standing at €580-590/mt ($788-802/mt) FOT. However, it is reported that this week some
HRC sales have been concluded at €600-605/mt ($816-823/mt) FOT. Trying to avoid the risk of longer delivery periods, Italian buyers also prefer ex-stock materials for their more affordable prices, SteelOrbis understands. Meanwhile, the
HRC base price of Italian steelmaker
Ilva stands at €600-620/mt ($816-843/mt) ex-works.
While Turkish integrated steelmaker
Erdemir has yet to announce its
HRC export offers, offers from other Turkish flat steel producers stand at $800-820/mt FOB this week.
Meanwhile, SteelOrbis has learned from market sources that ex-
Egypt HRC offers are currently standing at $800/mt FOB.
€1 = $1.36