- 0086(21)62671680
- 62671061
- sales@hyssgroup.com
- Language
As reported by Platts, sources in the Italian market reported on February 16 that the supply and delivery times of coils are a problem for the Italian rolled steel market.
Major Italian distributors are concerned as some have ordered materials from ArcelorMittal Italia in response to good apparent and real demand.
A source in the Italian plant said lead times "longer than before" helped drive up market prices, and new delivery times were announced back in August for products such as hot-dip galvanized and painted steel.
On February 13, the Lecce Regional Administrative Court announced that ArcelorMittal Italia, Italy's largest manufacturer of rolled products, must close all hotlines at its Taranto plant within 60 days to cut emissions. The decision was unexpected, and the company, backed by factory unions and industry associations, said it quickly approached the Italian Council of State. Sources said the State Council may temporarily suspend the court's decision in the next couple of days.
With the limited availability of rolls in the European market, this new and unexpected crisis facing the former Ilva could put end-user supply chains already hit hard in recent weeks into even greater difficulties, according to market sources.
Italian buyers said the deal price for hot-rolled coils is around € 705- € 715 per tonne ex-works. Daily hot-rolled coil prices in Italy have increased by € 48 per tonne to € 705 per tonne, according to Platts data.
As you know, just a few weeks ago, ArcelorMittal Italia relaunched its blast furnace # 2 in Taranto to increase steel production in 2021 to 5 million tons from 3.4 million tons in 2020, while Invitalia, the Italian investment promotion agency and enterprise development, signed an agreement with the company to enter into a public-private partnership.
