EUROPE SECTIONS: Prices fall when demand boost fails to materialise

Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week, with feedstock prices continuing to fall and an expected seasonal pickup in demand failing to arrive, sources told Fastmarkets on Wednesday April 3.

Fastmarkets’ domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe went down by €5-10 per tonne to €630-640 ($706-717) per tonne delivered on April 3, from €635-650 per tonne delivered one week earlier. Feedstock costs for hot-rolled coil (HRC) have also moved down during March and April, putting pressure on the prices for hollow sections. Fastmarkets’ weekly price assessment for domestic HRC in Northern Europe was €500-505 per tonne ex-works on April 3, down from €500-510 per tonne ex-works on March 27 and €500-530 per tonne ex-works...

Published

Carrie Bone

April 03, 2019

16:52 GMT

London