3rd Steel Plate Conference Europe

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Polish plate suppliers are making careful steps in their price increasing attempts to keep the customer. Market participants are not expecting any decreases in December despite fading purchase activity.At the end of November, domestic price for Polish S275JR plate is around EUR 490/t EXW, EUR 25-35/t above the level of the previous month. All prices are without VAT 23%. The increase has been driven by higher raw materials price, but in comparison with other EU suppliers, which have announced price hikes of EUR 50/t on average over the month, Polish are more flexible. Being uncertain of developments in raw materials market in early 2017, some customers want to restock now to protect themselves from another possible wave of increases before the year-end.

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The imposition of preliminary anti-dumping duties in the USA on cut-to-length (CTL) plate originating in five EU countries will not significantly impact the European plates suppliers as export volumes are rather low and supplier have an opportunity to forward shipments to other European countries.

The US Department of Commerce (DOC) on November 7, 2016, introduced provisional AD duties of 2.41-130.63% on CTL plate from Germany, France, Italy, Belgium and Austria. The five mentioned European countries supplied around 28% of CTL plates to the USA in January-October 2016 of total 955,000 t imported to the country, according to the DOC data.

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Italian plate joins "price rally"
Wednesday, 16 November 2016
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Italian plate suppliers made up leeway, hiking prices at one go, following the global upward trend in raw materials and semis. Strong demand, lower competition with third countries also supported the trend. Market participants expect a further increase in the coming weeks.

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