EU hollow sections mills under pressure to raise prices to cover coil costs

European producers of steel hollow sections will be attempting to raise prices over the coming weeks as elevated hot rolled coil (HRC) costs begin to feed into the market, sources told Metal Bulletin on Wednesday March 15.

Hollow sections rolled from HRC bought against January’s prices have come onto the market and are being purchased by distributors and stockholders in Northern Europe, one trader said. Despite this, low demand has prevented mills from increasing hollow sections prices since the middle of January, with Southern European prices dropping in February. "[Mills] can't increase prices to the levels that they need. January coil is coming in now [and] here is a necessity to raise prices to cover...

Published

Lee Allen

March 15, 2017

17:25 GMT

London