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Home > MEPS Steel News - 27.07.2016

ITALIAN STEEL MARKET ROUNDUP FROM MEPS

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 downward pressure.

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 re-rollers.

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

Also See: MEPS - EU Steel Prices Online

 

 

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