European heavy plate market quiet amid price uncertainty

Europe's market in commodity-grade heavy plate has seen little activity this week, with market participants still uncertain over the direction of future prices, sources told Metal Bulletin sister title Steel First on Wednesday September 25.

"The heavy plate market is still very uncertain and therefore fairly flat," a Northern European trader said. Prices for October-November production have not yet been announced. Heavy plate mills in Italy and in north-west Europe want to increase prices by EUR 20-30 ($27-40) per tonne, according to market sources.