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European Heavy Plate Market Still Under Pressure

Because of the competitiveness of imported goods and weak domestic market demand, the European heavy plate market is still under pressure. The negotiation between buyer and steel mill become easier, but most buyers only purchase the goods that need urgent. Some of German steel mills are trying to open reserved resources of August in order to avoid loss in case further decline in price.
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At present, the German Ruhr District ex-factory price of S235 plate is 575 euros / ton, and the actual transaction price is 560-570 euros / ton (ex-factory price). The S275 of Italy imports resources quoted at 490 euros / ton (CIF), and the steel mill ex-factory price still remain at 540 euros / ton.

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