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Heavy steel plate prices flat in Europe

Trading in the European heavy plate market was halted due to the traditional summer slowdown and prices remained unchanged.

Heavy steel plate prices flat in Europe

The Italian market has been quiet due to the traditional summer slowdown in August.

Buyers and sellers reported flat values in the week to Wednesday compared to the previous week, including €750-760 ($824-834) per tonne EXW for large lots for September delivery and €770-780 per tonne EXW for volumes below 500 tonnes.

Local producers were hoping for higher prices after the summer slowdown and were targeting €800 per tonne EXW.

Price assessments for 8-40 mm domestic steel plate ex-Southern Europe were at €750-780 per tonne on Wednesday, unchanged from last week.

The price assessment for 8-40 mm domestic steel plate from Northern Europe was at €850-870 per tonne on Wednesday, also unchanged on a weekly basis.

Commodity grade plate from Italy was offered to Germany at €830-850 per tonne CPT.

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