SteelOrbis has learned from market sources that hot rolled coil (HRC) demand in Italy is significantly slack, while buyers are reported to have reduced their price ideas, to as low as €500/mt ($731/mt).
As flat steel demand in the US has lately weakened, offers given from the US to Italy now stand at $745/mt CFR.
In the meantime, suffering from the deterioration in the market situation in North Africa and Saudi Arabia, Italian steel producers are giving aggressive offers to their domestic market. SteelOrbis has been informed that HRC prices at Italian ports are currently standing at €530/mt ($774/mt) FOT.
€1 = $1.461
Italian HRC buyers seek lower import prices
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
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