It is reported that 2 major Italian buyers of slabs have finally booked slabs from Ukrainian mills at $560 FOB Black Sea.
As per market information, these deals were followed by London-based trading house, who also booked at similar levels.
Considering freight component of $25 per ton, costs of slabs CFR FO Italy works out to $685 per ton.
If we add $35 per ton for re-rolling into HRC we end up with EXW cost of $720 per ton or EUR 535 per ton considering exchange rate of 1.347. (Steelprices-Europe)