Cheap imports remain high amount of resources and market demand weak are the key reasons for the European plate prices decline.

According to a German manufacturer said that although the orders of second quarter are not bad, most distributors have already purchased at the end of last year, the market does not pick up signs of replenishment activities to stimulate purchasing. Steel mill slightly lowers offer by 5-10 euro / ton for steel plates. Now it seems that the price of demand stimulation is not obvious. The Italian manufacture, said the domestic market continues to be squeezed by cheap imports of steels, in order to maintain market share, last week, the domestic steel plate mills have reduced the base price of plates to euro 470 / tonne. However, thanks to a weaker euro, prices were steady this week.

Currently, the European plate prices fell slightly by about euro 10 / tonne, at 490 euro / tonne.

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