SteelOrbis has heard from market sources that traders' offers for Erdemir production hot rolled coils (HRC) to Italy are standing at €500-510/mt CIF ($693-707/mt), while Italian buyers' price ideas are heard at €460-470/mt ($638-651/mt). In the Italian domestic market, base prices for hot rolled coil are reported at €520/mt ($721/mt) ex-works. Demand for flat steel in Italy is reported to be weak, while Spain has been heard to be more active as regards imports over the last few weeks.
€1 = US$1.386