EUROPE SECTIONS: Market stable ahead of import quota renewal

A lack of new business kept the prices of hollow steel sections in Europe unchanged on Wednesday January 30 although market sentiment has been mixed, participants told Fastmarkets MB.

Fastmarkets MB’s domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at €630-640 ($720-731) per tonne delivered on Wednesday. This week market sentiment was mixed, with those actively trading still reacting to recent price falls. Some acknowledged the drop in hollow section prices while others maintained their position. “We have been relaxing prices a little bit - they are €10-20 [per tonne] lower,” a distributor said. “Low demand is...

Published

Carrie Bone

January 30, 2019

17:23 GMT

London