According to SteelRadar data, steel plate 14-40 mm [EN 10025 (S235JR)] prices have risen by a significant EUR 50 to EUR 750. According to Assofermet, the Italian association of scrap, raw materials and steel distributors, although there was some slowdown in sales in Italy and Central Europe during the holiday periods, some sectors increased their purchases of products such as sheet and strip to meet their needs in the coming months. Plate demand has strengthened, sources said. According to
E3 scrap prices reached EUR 365, up by EUR 12. Rebar prices also rose by EUR 10 to EUR 600 during the same period. Assofermet noted that price hikes by producers in the EU and abroad, quotas and the impact of safeguards such as the Carbon Border Adjustment Mechanism (CBAM) have forced distributors and raw material companies to change their plans and increase their selling prices.
CRC prices fell by EUR 10 to EUR 650 in the new week, while CRC prices remained stable at EUR 755. Similarly, angle iron prices dropped by EUR 5 to EUR 710. However, wire rod prices increased. Starting the week of 20 May with an increase of EUR 10, Italian wire rod prices rose to EUR 650.
It was stated that stainless steel demand recovered due to strikes at large-scale producers in Spain and Finland and import restrictions. Finished steel markets continued to perform weakly in April, but signs of recovery were observed in early May, with increases in production tonnage and higher flat and long product prices.
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