EU hollow sections prices face pressure from dropping coil costs

Prices for hollow steel sections across Europe remain under pressure this week because of negative sentiment in the region’s hot rolled coil (HRC) market, sources told Metal Bulletin on Wednesday May 17.

At least two large Italian mills have reduced their hollow sections prices this week, Metal Bulletin has heard, on a combination of low demand and weak market sentiment. “Prices have fallen by €10 [$11] per tonne. There have been little steps [downward but] we hope to turn it around,” one trader said. “Prices are under pressure. [Some] competitors need orders for...

Published

Lee Allen

May 17, 2017

16:42 GMT

London