Domestic prices for steel heavy plate in Europe declined over the week to Wednesday December 1, following the fall in steel slab costs, sources told Fastmarkets.
Heavy plate in Southern Europe is produced mainly by Italian re-rollers using imported slab.
Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS, was $605-650 per tonne on November 29, down by $60-90 per tonne from $695-710 per tonne the week before.