EUROPE SECTIONS: Market braces for price increases

Prices for domestic hollow steel sections in Europe were unchanged on Wednesday February 6 but increases are likely over the coming sessions, market 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 on Wednesday at €630-640 ($719-731) per tonne delivered. The European Commission (EC) has imposed definitive safeguard measures on a list of imported steel products, in the form of tariff rates and a range of quotas that are partly annual and country-specific and partly quarterly and global. These became effective on February 2. They replaced the provisional measures that had been in place since July 2018; they are largely in line with the proposal sent by the EC to the World Trade Organization (WTO) in early January. The...

Published

Carrie Bone

February 06, 2019

16:48 GMT

London