ADI slab tolling fees unmanageable for buyers

Argus Media · Argus Media · 2026-11-06 11:43 UTC

Italian steelmaker Acciaierie d'Italia's (ADI) slab tolling fees of €160–170/t are proving unmanageable for some buyers, rendering conversion economics unviable compared with prevailing domestic hot-rolled coil (HRC) spot prices.

ADI has pivoted toward offering toll rolling services at its Taranto facility following court orders to halt upstream hot-end operations. The Italian Supreme Court recently upheld a Milan Court of Appeal ruling ordering the suspension of hot-end production in Taranto over environmental infractions. With its own crude steel and slab-making capabilities restricted, the plant has been forced to look to rely on imported slab, pushing the company to market available rolling capacity to third parties in the second half of this year.

However, market participants reported that ADI's quoted conversion fees of €160–170/t would not make commercial sense in the current pricing environment for all but the largest of buyers who can benefit from purchasing larger quantities of slab and perhaps a more preferential tolling agreement.

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