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Monday Market Monitor - EU WEEK 08 - Plate leading the rise- 02 Mar 10

Flat products prices in EU continued marching on price increasing trend last week.

Among all, mainly HRP have enjoyed a good momentum with producer being able to reach price ranging EUR 450 per tonne to EUR 360 per tonne base EXW from the previous EUR 410 per tonne to EUR 430 per tonne. Prices of plates are said to go up again helped by the forthcoming reopening of infrastructures yards during spring time.
HR is still in demand with very poor quantities coming from abroad and prices remaining under pressure.

CR are offered by Russian Mills at minimum EUR 500 per tonne FOB ST for destination North Europe, with buyers considering booking.

HDG and PPGI are remaining quite strong as price from China and mainly India are extremely high due to exchange arte of USD vs EUR.

Mar 2, 2010 07:52
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