EUROPE SECTIONS: Uncertainty over EU tariffs, quotas leads to price freeze

Prices for domestic hollow steel sections in Europe were unchanged on Wednesday February 13, with the market seemingly paralyzed by uncertainty over EU import tariffs and quotas, sources told Fastmarkets.

Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at €630-640 ($712-723) per tonne delivered on Wednesday. “I think we have hit the bottom for hollow section prices. It is quiet this week, and prices are the same” one trader said as the market continued to digest the new safeguarding measures, which came into effect on February 2. The definitive measures, which affect a range of imported steel products, are in the form of tariff rates and a range of...

Published

Carrie Bone

February 13, 2019

18:20 GMT

London