EUROPE SECTIONS: Market resists proposed price increases

Hollow steel sections prices in Europe were unchanged this week, which reflects doubts about the ability of mills to push through proposed price increases, market participants told Fastmarkets MB on Wednesday December 19.

Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at €635-650 ($721-738) per tonne delivered on Wednesday.

Prices for the feedstock material used for hollow sections, hot-rolled coil (HRC), have continued to fall in December - Fastmarkets MB’s weekly price assessment for HRC in Northern Europe fell to €520-530 per tonne ex-works on Wednesday from €550-560 per tonne ex works on November 7.

“Hollow section prices are unchanged but we see a further drop in HRC. I am not expecting a price increase...


Carrie Bone

December 19, 2018

16:40 GMT