EUROPE SECTIONS: Southern EU price range narrows but mills plot fightback

Prices for domestic hollow sections in Southern Europe narrowed downward this week, with poor demand reducing the transaction prices agreed by Italian producers, sources told Metal Bulletin on Wednesday December 6.

Despite the reduction in Southern European buying prices, mills in the region are banking on better consumption levels in the first quarter of 2018. They have devised optimistic price targets for January bookings; some producers are already raising their offer prices. Metal Bulletin’s price assessment for commodity-grade square hollow steel sections made in Southern Europe narrowed to €610-620 ($723-734) per tonne delivered on Wednesday from €610-635 per tonne delivered last week. Northern European domestic prices stood unchanged at...

Published

Lee Allen

December 06, 2017

17:48 GMT

London