2nd Steel Plate Conference Europe

Italian plate market awaits price rise
Tuesday, 13 September 2016
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Italian plate makers have come back to the market after the holidays with the last-month prices. However, market insiders expect prices to go up in September.

Domestic prices for plate have not changed in Italy in early September. “Demand is expectedly recovering after a summer lull,” an Italian trader told Metal Expert. September base-grade plate (up to 40 mm, S275JR) is officially offered to local buyers at EUR 430-440/t EXW. All prices are without 22% VAT.

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Increase in German plate questionable
Monday, 12 September 2016
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Plate prices in Germany have remained unchanged over the month as demand has not gained momentum yet after summer lull. Still, mills may attempt bullish moves in the near future, some insiders say. Meanwhile, there are doubts if mills will manage to get the increases through since customers are still sitting high on inventories.

Though plate demand is yet to recover in Germany after holidays, prices are unlikely to move down as mills have full order books thanks to participation in the huge project. On the other hand, buyers' re-stocking activity might not be very intensive, as stock level is quite high due to low summer sales.

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Wolfgang Eder urges steelmakers to cut capacity to handle the industry problems.

The Head of the World Steel Association and Austrian steel group Voestalpine highlighted that recent acceleration of trade defence measures in the EU could give a relief for some time, but it would not solve the problems of the European steel industry, which has been suffering from overcapacity and significant price pressure since the financial crisis of 2008. He believes that the only solution is the reorganization of the industry through business adjustments and site closures. “We must have the courage to close sites and adjust capacities. Otherwise, we will never solve our problems... This often agonizingly long process of dying of companies does not make sense…,” Eder told Handelsblatt.

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