9,484.26 TRY BIST 100 BIST 100
37.93 USD USD USD
5.23 CNY CNY CNY
41.82 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)

Italian Beltrame Troubled by Raw Material Costs

Italian commercial profile manufacturer Beltrame said in October that it was again faced with raw material costs.

Italian Beltrame Troubled by Raw Material Costs

The steelmaker has published a brochure showing annual increases in the company's purchase prices. These refer to its own commercial bar and beam divisions in Italy and France and to its facilities in Switzerland for its own rebar division.
The Western European commercial profile market is suffering in terms of prices and sales volumes. Producers are therefore faced with rising raw material prices and are struggling to find a balance between margins and costs.
Beltrame's commercial profile bar and business line reveals average purchase price variations for the AFV Vicenza steel mill in Italy and French LME mills each month. In October, the company recorded an extraordinary increase of 306% from the price it paid for electrodes in October 2017. On a year-on-year basis, the company reported an increase of 297% in September and 295% in August.
The steelmaker's French and Italian plants also spent 23.8% more annually on ferroalloys in October, and the cost of refractory materials rose by 20.8%. September saw a 27.9% year-on-year hike for ferroalloys and the cost of refractory materials rose by 20.8%. In August, ferroalloy costs rose by 29.4% year-on-year, while prices for refractory materials rose by 21.7%.
In October, the Beltrame SG plant in Switzerland achieved a graphite electrode production cost increase of over 260% compared to October 2017, while September saw a year-on-year increase of 347%. Ferroalloy costs for the Italian steelmaker's rebar division increased by 13.4% in October, while refractory material prices rose by 13.4%.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China to impose a 34% tariff on the US!

Friday, April 4, 2025

American Iron and Steel Institute praises Trump

Friday, April 4, 2025

Poor quality steel alert in Thailand: Federation of Thai Industries calls for stricter inspections

Friday, April 4, 2025

ArcelorMittal South Africa closure delayed by six months

Friday, April 4, 2025

EUROMETAL discusses critical steel sector issues with European Commission

Friday, April 4, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now