ITALIAN STEEL MARKET ROUNDUP
Italian steel prices for flat products started
to fall, this month, partly due to the traditional pre-August
slowdown in activity. Cheaper imports also contributed to the
In July’s edition of the European Steel Review, MEPS reports that
Italian hot rolled coil suppliers offered discounts during recent
negotiations. Distributors registered slightly lower sales volumes,
during the month.
A seasonal market slowdown led to price reductions for hot rolled
plate. Although the threat of antidumping action curtailed new
import business, material ordered earlier continues to arrive at the
ports. Much cheaper slab resulted in heavy discounting by the
In the long products segment, a combination of cheap imports and
falling scrap costs, negatively affected Italian beam prices.
Earlier increases were not supported by demand.
Italian rebar basis values decreased as a result of low demand and
scrap price weakness. The market is unlikely to record a significant
revival, before the holidays.
After granting a discount in June, merchant bar suppliers stabilised
prices during the latest round of settlements in Italy, despite
lower input costs. Trading conditions remain quiet.
Source: MEPS -
European Steel Review
- July 2016 Issue
MEPS - EU Steel
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