According to market sources, flat steel base prices in the local Italian market are at €490-500/mt ($583-595/mt) for hot rolled coil (HRC), €575-585/mt ($684-696/mt) for cold rolled coil (CRC) and €590-615/mt ($702-732/mt) for hot dip galvanized (HDG), all ex-works. In the past week, local HRC prices have decreased by €7.5/mt on average. CRC prices have decreased by €10/mt on the upper end, while HDG prices have remained stable. The slight price decreases have been attributed to low demand and also to the competitiveness of some import offers, especially Turkish HRC offers to Italy at €490-510/mt ($583-607/mt) CFR. However, as reported previously, most market players expect that local prices will rise slightly in the first quarter of the coming year due to a revival of demand in Italy.
€1 = $1.19