It is learnt that some major Italian plate distributors have presented to Ukrainian Mills proposals for buying plates at a price of EUR 320 per tonne plus extras CFR FO Ravenna for lots of 3000 tonnes to 5000 tonnes for December shipment.

Mill's reaction has been so far negative but we believe that it is just a question of time and more than likely short or very short time.

It is learnt that Ukrainian mills are offering plates at EUR 360 per tonne to EUR 365 per tonne CIF FO Med Sea with 90 days payment,

This is a drastic break through. So far not even Chinese offers were offering below EUR370 per tonne CFR FO.

This step is clearly indicating that we are quickly going to same levels of 6 months ago when HRC were booked at prices below EUR 300 per tonne and HRP barely around EUR 300 per tonne.

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