Currently, producers’ domestic hot rolled coil (HRC) base prices in Italy are at €520-540/mt ($614-637/mt) ex-works, i.e., stable compared to last week. According to sources, in the view of the recent imposition of definitive antidumping duties on HRC originating from Brazil, Russia, Ukraine and Iran, Italian steelmakers may maintain a firmer stance on their domestic HRC offers and even try to increase their prices in the coming period. Meanwhile, HRC prices could also benefit from an increase in demand as several service centers need to replenish their stocks or will need to replenish them in the coming weeks.
€1 = $1.18