Italian steelmaker Riva has increased its base flat steel prices in the local Italian market. Accordingly, the company's HRC base price level has increased to €400/mt ($569/mt) ex-works, its CRC base price level has risen to €450/mt ($640/mt) ex-works, while its HDG base price level has gone up to €460/mt ($655/mt). All of Riva's base prices have risen by €20/mt as compared to last week.
On the other hand, another Italian mill Arvedi's HRC prices are standing at the level of €400/mt ($569/mt) ex-works, whereas ArcelorMittal's HRC prices are at €385/mt ($548/mt) ex-works, its CRC prices are at €430/mt ($612/mt) ex-works and its HDG prices are at €450/mt ($640/mt) ex-works.
€1 = US$1.42313