Fastmarkets’ domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe fell by €5 per tonne to €630-640 ($716-727) per tonne delivered on January 23, from €635-645 ($726-738) delivered on January 16.
“Prices [for hollow sections] are lower. There is a lot of hot-rolled coil [HRC] [coming into Europe] which could influence the price of tubes in the next couple of months. For us, this is good,” a trader said.
“We see prices under downward pressure because of high stock levels...
