SteelOrbis has learned that in the local Italian flat steel market the range of domestic producers' prices has narrowed in comparison with the wide price ranges recorded one week ago, with the difference between the lower and upper ends of producers’ prices now at normal levels.
During the past week, producers’ domestic cold rolled coil (CRC) prices in Italy have increased by €30/mt on the lower end to €630-640/mt ($668-678/mt) ex-works. In the same period, hot dip galvanized (HDG) coil prices have decreased by €20/mt on the upper end to €620-630/mt ($657-668/mt) ex-works, while hot rolled coil (HRC) prices have moved up by €20/mt on the lower end and decreased by €20/mt on the upper end to €520-530/mt ($551-562/mt) ex-works.
It is reported that Italian producers are not giving discounts and that the lower ends of their price ranges are not negotiable. In the meantime, the market is also considering the possibility of another increase before the Christmas holiday slowdown (Dec. 25-Jan. 7). At present, trading volumes are low since downstream demand is weak and as distributors’ stocks are more than decent.
€1 = $1.06