New import price levels still awaited in Italian coated flat steel market

Coated flat steel prices in the Italian market have remained unchanged since last week, while domestic demand for these products is still weak. European and Indian mills are expected to announce new prices for their August production this week or next week, and prices are forecast to remain at current levels or decrease by about €10-15/mt ($12-18/mt). However, even if prices increase, this would not attract a response from the demand side, but would only possibly help market prices to remain on a stable trend.
 
Accordingly, 0.6 mm hot dip galvanized (HDG) prices in the Italian domestic market are still at €650-655/mt ($800-806/mt), while prices for 100 gr/m² zinc coated standard color pre-painted sheet of 0.6 mm thickness are standing at €830-850/mt ($1,021-1,046/mt), both ex-warehouse.
 
Meanwhile, SteelOrbis has learned from market sources that Indian 0.6 mm PPGI offers to Italy are still standing at €800/mt ($984/mt) CFR, while Indian offers for 0.6 mm hot dip galvanized (HDG) sheet are at €650/mt ($800/mt) CFR.
 
€1 = $1.23