It is reported that some of the recent changes in the market point to continuation of downward trend in Europe for various steel products.
1. Italian rebars producers have decreased their prices by EUR 10 per tonne for next orders
2. Camsider, the Italian Association of scrap dealers, has announced a decrease of EUR 15 per tonne on all scrap categories.
3. Billet price CFR FO Italian ports has dropped below USD 370 per tonne with buyers holding back orders and looking for further decreases.
4. CRC from NLMK Russia has been sold at EUR 370 per tonne CFR FO one main Spanish port.